Canadian Aura minerals plan to raise more than $ 196 million in IPO

(Reuters) -Canadan gold and copper miners plans to increase about $ 196.4 million from the US primary open offer on Tuesday.

The company said he was preparing to list his shares in the NASDAP last week. He said he planned to sell 8.1 million shares on Tuesday.

Many foreign companies are in the United States to provide higher assessments in the United States and shoot in deeper capital markets.

Aura said that this intends to provide increased liquidity and financial comfort to use IPO to exploration and supporting the implementation of existing strategic growth initiatives.

A golden and copper mining company founded in 1946, the development and operations of the project in the United States are discussed.

Bofa Safety and Goldman Sachs serves as global coordinators for offer, BTG Paktual and Itau Alau BBA operates as a joint bookmaker.

(Report on Bengaluru Preetika Parachuraman; Regulation by Rashmi Aich)