Ero Copper Files Final Prospectus and Announces Pricing of Initial Public Offering
NOT FOR DISTRIBUTION IN THE UNITED STATES
Ero Copper Files Final Prospectus and Announces Pricing of Initial Public Offering
Vancouver, Canada (October 11, 2017) – Ero Copper Corp. (“Ero” or the “Company”) today
announced that it has obtained a receipt for its final prospectus filed with the securities regulatory
authorities in each of the provinces and territories of Canada, other than Québec, in connection with the
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 share (the “Offering Price”) for total gross proceeds of
$110,590,051, with Ero and certain selling securityholders receiving gross proceeds of $47,500,000 and
$63,090,051, respectively. A copy of the final prospectus in respect of the Offering is available on
SEDAR at www.sedar.com.
Pursuant to the Offering, 10,000,000 common shares will be issued by Ero from treasury (the “Treasury
Offering”) and 13,282,116 common shares will be sold pursuant to a secondary offering (the “Secondary
Offering”) by certain selling securityholders. Ero will not receive any proceeds from the Secondary
Offering.
The Offering is being 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.
The closing of the Offering is expected to occur on or about October 19, 2017 (the “Closing Date”) and is
subject to customary closing conditions, including the receipt of all necessary regulatory approvals. Ero
has received conditional listing approval of the Toronto Stock Exchange (the “TSX”) for the listing of its
common shares being issued and sold pursuant to the Offering. Listing remains subject to Ero fulfilling
customary TSX requirements. The common shares are expected to commence trading on the TSX under
the symbol “ERO” on the Closing Date.
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 registration 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.
Forward Looking Statements
This press release contains certain forward-looking statements, including statements regarding the
completion of the Offering, the anticipated Closing Date, the exercise of the Over-Allotment Option and
the amount of additional gross proceeds arising therefrom and the listing of the common shares on the
TSX. 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 no assurance can be given that the Offering
will be completed on the terms described. Completion of the Offering is subject to numerous factors,
many of which are beyond Ero’s control, including, without limitation, failure to satisfy customary
closing conditions and 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:
Noel Dunn, Executive Chairman
David Strang, President & Chief Executive Officer
(604)-449-9236