# Aura Minerals purchases Gold Road Mine from Para Resources

Aura Minerals entered into a binding term sheet to purchase all shares of Z79 Gold (USA) Corp. from Para Resources, which owns a 94% interest in the Gold Road Mine in Arizona, for nominal cash and assumption of $35 million in liabilities. Closing expected on or about March 13, 2020.

- Type: Acquisition
- Announced: 2020-02-15
- Where: Arizona, United States
- Value: $35.0M
- Status: announced
- Products: gold mining
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Aura Minerals](https://endata.com/companies/45299.md) (acquirer)
- [Para Resources](https://endata.com/companies/45300.md) (partner)
- [Z79 Gold (USA) Corp.](https://endata.com/companies/45301.md) (target)
- [Gold Road Mining Corp.](https://endata.com/companies/45302.md) (partner)

## Sources

- [bvi-company-mergers-acquisitions.blogspot.com](http://bvi-company-mergers-acquisitions.blogspot.com/2020/02/aura-minerals-purchases-gold-road-mine.html), 2020-02-15: "We believe that Gold Road has a good strategic fit with Aura’s portfolio."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.