Date Closed

October 31, 2017

Lead Office

Toronto

Value

570.40 Million USD

On October 31, 2017, Nexa Resources S.A. (“Nexa”) announced the closing of the initial public offering of 35,650,000 of Nexa’s common shares at a public offering price of US$16.00 per share. This offering included an aggregate of 15,150,000 shares sold by its controlling shareholder Votorantim S.A., including pursuant to the exercise in full by the underwriters of their over-allotment option for 4,650,000 shares. Nexa began trading on the Toronto Stock Exchange and New York Stock Exchange on October 27, 2017 under the symbol NEXA.

Nexa is one of the world’s top five refined zinc producer with mining and smelting assets in Latin America. Two of Nexa's mines, Cerro Lindo in Peru and Vazante in Brazil, are among the 12 largest zinc mines in the world. The IPO is being ranked as the third largest mining IPO in Canadian history. According to the company's prospectus, Nexa will direct some of the proceeds of the offer toward two large greenfield projects, Aripuana in Brazil and Shalipayco in Peru, which together would add more than 94,000 tonnes to zinc production.

The offering was conducted in Canada by J.P. Morgan Securities Canada Inc., BMO Nesbitt Burns Inc., Morgan Stanley Canada Limited, Credit Suisse Securities (Canada), Inc., Merrill Lynch Canada Inc., Citigroup Global Markets Canada Inc., Scotia Capital Inc., Macquarie Capital Markets Canada Ltd., MUFG Securities (Canada), Ltd., National Bank Financial Inc. and RBC Dominion Securities Inc.

McCarthy Tétrault LLP advised the syndicate of underwriters with a team led by Frederico Marques that included Andrew Parker, Gary Litwack, Michael Nicholas, Ryan Hornby, Claire Gowdy, John Murray (Business Law), Patrick McCay and Justin Shoemaker (Tax).