Ero Copper Completes Initial Public Offering
NOT FOR DISTRIBUTION IN THE UNITED STATES
Ero Copper Completes Initial Public Offering
Vancouver, Canada (October 1 9, 2017) – Ero Copper Corp. (“Ero” or the “ Company”) today
announced the successful closing of its initial public offering and secondary offering (together, the
“Offering”) of an aggregate of 23,282,116 common shares of Ero at a price of $4.75 per common share
(the “Offering Price”) for total gross proceeds $110,590,051, with Ero and the Selling Securityholders
(as defined below) receiving gross proceeds of $47,500,000 and $63,090,051, respectively.
The common shares will commence trading today on the Toronto Stock Exchange under the symbol
“ERO”.
Pursuant to the Offering, Ero issued 10,000,000 common shares from treasury (the “ Treasury
Offering”). In addition, 13,282,116 common shares were sold pursuant to a secondary offering (the
“Secondary Offering”) by certain selling securityholders (the “ Selling Securityholders”). Ero will not
receive any proceeds from the Secondary Offering.
The Offering was managed by a syndicate of underwriters, including BMO Capital Markets and
Scotiabank as lead joint bookrunners and Canaccord Genuity Corp., GMP Securities L.P., Numis
Securities Limited, PI Financial Corp. and Raymond James Ltd.
Ero has granted the underwriters an over-allotment option (the “Over-Allotment Option”), exercisable in
whole or in part, at the sole discretion of the underwriters, at any time and from time to time, for a period
of 30 days following the closing of the Offering , to purchase up to an additional 3,492,317 common
shares from Ero at the Offering Price for additional gross proceeds to the Company of $16,588,505.75 if
the Over-Allotment Option is exercised in full.
No securities regulatory authority has either approved or disapproved of the contents of this news release.
The common shares have not been and will not be registered under the United States Securities Act of
1933, as amended (the “ U.S. Securities Act ”) or any state securities laws. Accordingly, the common
shares may not be offered or sold within the United States unless registered under the U.S. Securities Act
and applicable state securities laws or pursuant to exemptions from the r egistration requirements of the
U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to
sell or a solicitation of an offer to buy any securities of Ero in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
About Ero
Ero is a base metals mining company focused on the production and sale of copper from the Vale do
Curaçá Property in Brazil, with gold and silver produced and sold as by-products from the Vale do Curaçá
Property. Additional information on the Company and its operations can be found at www.erocopper.com
and on SEDAR (www.sedar.com).
Forward Looking Statements
This press release contains certain forward -looking statements, including statements regarding trading of
the common shares on the Toronto Stock Exchange and the exercise of the Over -Allotment Option and
the amount of additional gross proceeds arising therefrom. Words such as “expected ”, “will”,
“anticipates” and “intends” or similar expressions are intended to identify forward -looking statements.
These forward-looking statements are subject to the inherent uncertainties in predicting future results and
conditions and are subject to numerous factors, many of which are beyond Ero’s control, including,
without limitation, the risk factors and other matters set forth in Ero ’s final prospectus. Ero undertakes
no obligation to publicly update or revise any forward -looking statements, whether as a result of new
information, future events or otherwise, except as may be required by law.
Contact:
Investor Inquiries:
Makko DeFilippo, Vice President, Corporate Development
(604)-449-9244