Admission of Loan Funded Shares

RNS Number : 3947K

Aura Energy Limited

21 December 2022

 

         21 December 2022

Aura Energy Limited ("Aura" or the "Company") Admission of Loan Funded Shares

Aura Energy Limited (ASX:AEE, AIM:AURA) ("Aura", the "Company") a company focused on the development of the 85% owned Tiris Uranium Project, Mauritania, confirms that application has been made for the 22,000,000 Loan Funded Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on or around 29 December 2022.

For additional information on the Loan Funded Shares, which are being issued to Aura Directors per the PDMR dealing table below, please see the Company's announcements dated 31 October 2022 (which includes a link to the Notice of Annual General Meeting) and 29 November 2022.

Total Voting Rights

Following the issue of the 22,000,000 Loan Funded Shares, the total issued share capital of the Company will consist of 554,630,887 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 554,630,887 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:

David Woodall Managing Director and CEO Aura Energy Limited [e-mail]	Jane Morgan JMM Investor & Media Relations [e-mail] [phone]
SP Angel Corporate Finance LLP (Nominated Advisor and Joint Broker) David Hignell Kasia Brzozowska [phone]	WH Ireland Limited (Joint Broker) Jessica Cave Andrew de Andrade [phone]

	About Aura Energy (ASX:AEE, AIM:AURA)
	Aura Energy is an Australian-based minerals company with major uranium and polymetallic projects with large resources in Africa and Europe. The Company is principally focused on initial uranium production at its Tiris Uranium Project, an evolving major greenfields uranium discovery in Mauritania, with Aura announcing a Resource Upgrade in August 2021, bringing the total JORC Resource to 56 Mlbs (at a 100 ppm U3O8 lower cut-off grade). Aura also completed a 2021 capital estimate update for the Tiris Definitive Feasibility Study, to reflect current global pricing, reconfirming Tiris as one of the lowest capex, lowest operating cost uranium projects slated for development. 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 2022, Aura will continue to transition from an advanced uranium explorer to uranium producer, to capitalise on the growing appetite for nuclear power as a critical, baseload, near-zero-carbon energy source to help drive the global shift towards decarbonising energy generation.     @AuraEnergyAEE     https://www.linkedin.com/company/aura-energy-limited   Subscribe for Investor Updates

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	A: David Woodall B: Philip Mitchell C: Patrick Mutz D: Bryan Dixon E: Warren Mundine
2.	Reason for the notification
a)	Position/status:	A: Managing Director & CEO B: Non-Executive Chairman C: Non-Executive Director D: Non-Executive Director E: Non-Executive Director
b)	Initial notification/Amendment:	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	Aura Energy Limited
b)	LEI:	5493003D06RIWBKIKA27
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument: Identification code:	shares of no par value each  AU000000AEE7
b)	Nature of the transaction:	Entitlement to Loan Funded Shares (as part of Loan Funded Equity Scheme)
c)	Price(s) and volume(s):	A: David Woodall Price(s) Volume(s) A$0.30 16,000,000 B: Philip Mitchell Price(s) Volume(s) A$0.30 2,000,000 C: Patrick Mutz Price(s) Volume(s) A$0.30 2,000,000 D: Bryan Dixon Price(s) Volume(s) A$0.30 1,000,000 E: Warren Mundine Price(s) Volume(s) A$0.30 1,000,000
d)	Aggregated information: Aggregated volume: Price:	Issue of Loan Funded Shares as above
e)	Date of the transaction:	21 December  2022
f)	Place of the transaction:	Outside a trading venue

 

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