20 March 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/
The Company has issued ordinary shares at an exercise price of A$0.052 each arising from an exercise of options ("New Shares").
Application will be made for the 668,624 New Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on or around 27 March 2024.
Total Voting Rights
Following the issue of the 668,624 New Shares, the total issued share capital of the Company will consist of 720,822,189 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 720,822,189 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 Citadel-MAGNUS Investor & Media Relations +61 409 296 511 | SP Angel Corporate Finance LLP (Nominated Advisor and Broker) David Hignell Kasia Brzozowska +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 minerals company that has major uranium and polymetallic projects with large resources in Africa and Europe. The Company is now focused on uranium production from the Tiris Project, a major greenfield uranium discovery in Mauritania.
A recent Enhanced Feasibility Study has increased the project NPV significantly which reconfirms Tiris as one of the lowest capex, lowest operating cost uranium projects that remain undeveloped in the world.
In October 2021, the Company entered a US$10m Offtake Financing Agreement with Curzon, which includes an additional up to US$10m facility, bringing the maximum available under the agreement to US$20m.
In 2023, Aura will continue to transition from a uranium explorer to a uranium producer, to capitalise on the rapidly growing demand for nuclear power as the world continues to shift towards a decarbonised energy sector.
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