Ero Completes Public Offering of Shares

Paul, Weiss advised Vancouver-based Ero Copper Corp. in the offering of 9,010,000 of its common shares, representing gross proceeds to Ero of approximately $111 million. The transaction involved a syndicate of underwriters led by BMO Capital Markets.

Ero, which owns a 99.6% interest in the Brazilian copper mining company Mineração Caraíba S.A. (MCSA), will use the proceeds to advance growth initiatives at MCSA’s Tucumã Project and Caraiba Operations, and regional exploration in Brazil, as well as for general corporate purposes.

The Paul, Weiss team included corporate partner Christopher Cummings; tax partner David Mayo; and environmental counsel William O’Brien.