Ero Copper Announces Plans to List on the New York Stock Exchange
June 10 2021 - 8:15AM
Ero Copper Corp. (“Ero Copper” or the “Company”)
(TSX: ERO) is pleased to announce the Company has
received approval from the New York Stock Exchange (“NYSE”) for a
U.S. listing of its common shares. The Company expects to commence
trading on the NYSE on or about June 15, 2021 under the ticker
symbol “ERO”. The Company’s common shares will continue trading on
the Toronto Stock Exchange under the ticker symbol “ERO”.
“We believe this U.S. listing is an important
milestone for our Company as it provides another access point for
investors seeking to invest in Ero,” said Noel Dunn, Executive
Chairman. “Since our IPO in 2017, our business and assets have
achieved tremendous growth, garnering increased attention from
global investors. We believe that listing on the NYSE offers an
opportunity to broaden our shareholder base and enhance trading
liquidity for existing shareholders.”
Concurrent with the commencement of trading on
the NYSE, Ero Copper’s common shares will cease trading on the OTC
Markets. Shareholders are not required to take any action. Ero
Copper recommends that investors who bought shares on the OTC
Markets monitor their brokerage accounts to ensure their holdings
are updated to correctly reflect the new ticker symbol.
ABOUT ERO COPPER CORP
Ero, headquartered in Vancouver, B.C., is
focused on copper production growth from the Vale do Curaçá
Property, located in Bahia, Brazil. The Company's primary asset is
a 99.6% interest in the Brazilian copper mining company, MCSA, 100%
owner of the Vale do Curaçá Property with over 40 years of
operating history in the region. The Company currently mines copper
ore from the Pilar and Vermelhos underground mines. In addition to
the Vale do Curaçá Property, MCSA owns 100% of the Boa Esperança
development project, an IOCG-type copper project located in Pará,
Brazil and the Company owns 97.6% of the NX Gold Mine, an operating
gold and silver mine located in Mato Grosso, Brazil. Additional
information on the Company and its operations, including technical
reports on the Vale do Curaçá, Boa Esperança and NX Gold
properties, can be found on the Company's website
(www.erocopper.com) and on SEDAR (www.sedar.com).
ERO COPPER
CORP. |
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Signed: “David Strang” |
For further information contact: |
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David Strang, CEO |
Courtney Lynn, VP, Corporate Development & Investor
Relations |
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(604) 335-7504 |
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info@erocopper.com |
CAUTION REGARDING FORWARD LOOKING INFORMATION AND STATEMENTS
This press release contains “forward-looking information” within
the meaning of applicable Canadian securities laws. Forward-looking
information includes statements that use forward-looking
terminology such as “may”, “could”, “would”, “will”, “should”,
“intend”, “target”, “plan”, “expect”, “budget”, “estimate”,
“forecast”, “schedule”, “anticipate”, “believe”, “continue”,
“potential”, “view” or the negative or grammatical variation
thereof or other variations thereof or comparable terminology. Such
forward-looking information includes, without limitation,
statements with respect to the date for commencement of trading on
the NYSE as well as the likelihood of broadening the Company’s
shareholder base and enhancing trading liquidity for the Company’s
existing shareholders.Forward-looking information is not a
guarantee of future performance and is based upon a number of
estimates and assumptions of management in light of management’s
experience and perception of trends, current conditions and
expected developments, as well as other factors that management
believes to be relevant and reasonable in the circumstances, as of
the date of this Press Release including, without limitation,
assumptions about: favourable equity and debt capital markets; the
ability to raise any necessary additional capital on reasonable
terms to advance the production, development and exploration of the
Company’s properties and assets; future prices of copper and other
metal prices; the timing and results of exploration and drilling
programs; the accuracy of any mineral reserve and mineral resource
estimates; the geology of the MCSA Mining Complex, NX Gold Mine and
the Boa Esperança Property being as described in the technical
reports for these properties; production costs; the accuracy of
budgeted exploration and development costs and expenditures; the
price of other commodities such as fuel; future currency exchange
rates and interest rates; operating conditions being favourable
such that the Company is able to operate in a safe, efficient and
effective manner; work force continues to remain healthy in the
face of prevailing epidemics, pandemics or other health risks,
political and regulatory stability; the receipt of governmental,
regulatory and third party approvals, licenses and permits on
favourable terms; obtaining required renewals for existing
approvals, licenses and permits on favourable terms; requirements
under applicable laws; sustained labour stability; stability in
financial and capital goods markets; availability of equipment and
critical supplies, spare parts and consumables; positive relations
with local groups and the Company’s ability to meet its obligations
under its agreements with such groups; and satisfying the terms and
conditions of the Company’s current loan arrangements. While the
Company considers these assumptions to be reasonable, the
assumptions are inherently subject to significant business, social,
economic, political, regulatory, competitive and other risks and
uncertainties, contingencies and other factors that could cause
actual actions, events, conditions, results, performance or
achievements to be materially different from those projected in the
forward-looking information. Many assumptions are based on factors
and events that are not within the control of the Company and there
is no assurance they will prove to be correct. Furthermore, such
forward-looking information involves a variety of known and unknown
risks, uncertainties and other factors which may cause the actual
plans, intentions, activities, results, performance or achievements
of the Company to be materially different from any future plans,
intentions, activities, results, performance or achievements
expressed or implied by such forward-looking information. Such
risks include, without limitation the risk factors listed under the
heading “Risk Factors” in the Annual Information Form of the
Company for the year ended December 31, 2020, dated March 16, 2021.
Although the Company has attempted to identify important factors
that could cause actual actions, events, conditions, results,
performance or achievements to differ materially from those
described in forward-looking information, there may be other
factors that cause actions, events, conditions, results,
performance or achievements to differ from those anticipated,
estimated or intended. The Company cautions that the foregoing
lists of important assumptions and factors are not exhaustive.
Other events or circumstances could cause actual results to differ
materially from those estimated or projected and expressed in, or
implied by, the forward-looking information contained herein. There
can be no assurance that forward-looking information will prove to
be accurate, as actual results and future events could differ
materially from those anticipated in such information. Accordingly,
readers should not place undue reliance on forward-looking
information. Forward-looking information contained herein is made
as of the date of this press release and the Company disclaims any
obligation to update or revise any forward-looking information,
whether as a result of new information, future events or results or
otherwise, except as and to the extent required by applicable
securities laws.
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