Completion of Tranche 1 Placement Shares

Aura Energy Limited
25 March 2024
 

 

                                                                                                                                            25 March 2024

Completion of Tranche 1 Placement Shares and Cleansing Notice

Aura Energy Limited (ASX: AEE, AIM: AURA) ("Aura" or the "Company") hereby gives notice that on 25 March 2024 it completed the issue of the first tranche of Aura fully paid ordinary shares ("Shares") of the $16.2 million placement previously announced on 18 March 2024. The first tranche consisted of raising approximately $16.1 million before costs via the placement of 89,668,896 Shares at $0.30 per Share to new and existing institutional and sophisticated investors. The Shares were issued using the Company's existing placement capacity available under ASX Listing Rules 7.1 and 7.1A.

Please refer to the Company's announcements dated 18 March 2024 and Appendix 2A dated 25 March 2024 which contain further details regarding the capital raising.

Completion of the balance of the capital raising is subject to shareholder approval at a shareholder meeting to be convened shortly.

Notice pursuant to Section 708A(5)(e) of the Corporations Act 2001

The Company gives notice pursuant to section 708A(5)(e) of the Corporations Act 2001 (Cth) ("Corporations Act") that:

1.    on 25 March 2024 the Company issued 89,668,896 Shares in respect of a placement;

 

2.    the Company issued those Shares without disclosure to investors under Part 6D.2 of the Corporations Act;

 

3.    the Company is providing this notice under section 708A(5)(e) of the Corporations Act;

 

4.    as at the date of this notice, the Company has complied with:

 

a.    the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

 

b.    sections 674 and 674A of the Corporations Act; and

 

5.    as at the date of this notice, there is no "excluded information" within the meaning of sections 708A(7) and 708A(8) of the Corporations Act which is required to be disclosed by the Company.

ENDS

The Managing Director & CEO of Aura Energy Ltd has approved this announcement.

For further information, please contact:

Andrew Grove

Managing Director and CEO

Aura Energy Limited

agrove@auraee.com

+61 414 011 383

Paul Ryan

Citadel-MAGNUS

Investor & Media Relations

pryan@citadelmagnus.com

+61 409 296 511

SP Angel Corporate Finance LLP

Nominated Advisor and Broker

David Hignell

Kasia Brzozowska

Grant Barker

+44 (0) 203 470 0470

About Aura Energy (ASX: AEE, AIM: AURA) 

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 pa near term uranium mine with a 17-year mine life with excellent economics and optionality to expand to accommodate 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UK 100

Latest directors dealings