Issue of Equity
Updated : 12:30
15 July 2024
Aura Energy Limited("Aura" or the "Company")
Issue of Equity |
Aura Energy Limited (ASX:AEE, AIM:AURA) ("Aura", the "Company") advises that an Appendix 2A (Application for quotation of securities) has been filed with the Australian Securities Exchange ("ASX") and is available on the Company's website: https://auraenergy.com.au/investor-centre/asx-announcements/
As announced to the ASX on 25 January 2024, the Company received loan funds equal to the then outstanding value of unexercised $0.052 options.
In accordance with the loan arrangements, any shortfall on the exercise of the options can be satisfied through the Underwriting Agreement, whereby the Underwriter or their nominee(s) agree to subscribe for an equal number of shares at the equivalent of the option exercise price.
The Company has issued 1,543,958 ordinary shares at an exercise price of A$0.052 each arising from the shortfall on the exercise of the options ("New Shares").
Application will be made for 1,543,958 New Shares respectively to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on or around 22 July 2024.
Total Voting Rights
Following the issue of the 1,543,958 New Shares, the total issued share capital of the Company will consist of 766,633,367 ordinary shares of no par value each ("Ordinary Shares"). The Company does not hold any Ordinary Shares in Treasury. Therefore, the total current voting rights in the Company following Admission will be 766,633,367 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
For Further Information, please contact:
Andrew Grove Managing Director and CEO Aura Energy Limited
| Paul Ryan Morrow Sadali Investor & Media Relations +61 409 296 511 | SP Angel Corporate Finance LLP (Nominated Advisor and Broker) David Hignell Kasia Brzozowska Adam Cowl Grant Barker +44 (0) 203 470 0470 | |||||||
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| About Aura Energy (ASX:AEE, AIM:AURA) |
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Aura Energy is an Australian-based mineral company with major uranium and polymetallic projects in Africa and Europe. The Company is focused on developing a uranium mine at the Tiris Uranium Project, a major greenfield uranium discovery in Mauritania. The February 2024 FEED study demonstrated Tiris to be a near-term low-cost 2Mlbs U3O8 p.a near term uranium mine with a 17-year mine life with excellent economics and optionality to expand to accommodate future resource growth. Aura plans to transition from a uranium explorer to a uranium producer to capitalise on the rapidly growing demand for nuclear power as the world shifts towards a decarbonised energy sector. Beyond the Tiris Project, Aura owns 100% of the Häggån Project in Sweden. Häggån contains a global-scale 2.5Bt vanadium, sulphate of potash ("SOP") and uranium resource. Utilising only 3% of the resource, a 2023 Scoping Study outlined a 27-year mine life based on mining 3.5Mtpa.
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