07:09 AM EDT, 07/08/2024 (MT Newswires) -- Aura Minerals ( ORAAF ) , which rose 3% on Friday, over the weekend said it received approval from its board and the Comissao de Valores Mobiliarios for a forward split of the company's Brazilian depositary receipts on the basis of three BDRs for each one BDR currently outstanding.

Before the BDR split, each BDR represented one common share of the company. After the BDR Split, three BDRs will represent one common share of the company.

The BDRs will continue to be listed on the B3 - Brasil, Bolsa Balcao under the symbol "AURA33."

Currently, there are about 19.3 million BDRs with no par value issued and outstanding. Upon completion of the BDR split, there will be about 57.8 million BDRs with no par value issued and outstanding.