Brazil Potash raised US$30 million with an initial public offering (IPO) on the New York Stock Exchange, priced at US$15 per share, as announced by the company on Monday night.
In the operation, 2,000,000 common shares of Brazil Potash were offered, in addition to an option to purchase up to 300,000 additional shares to IPO subscribers for a period of 30 days from the date of the final prospectus.
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Cantor Fitzgerald & Co., Bradesco BBI, Freedom Capital Markets, Roth Capital Partners and Clarksons Securities acted as coordinators of the offering.
Brazil Potash is a mining company based in Canada that is developing a potash exploration project in Autazes, in Amazonas. The company’s plan for the coming years includes obtaining environmental licenses to begin construction of the Autazes Project.
