Aura secures Follow-On Convertible Note

RNS Number : 6578T

Aura Energy Limited

18 November 2019

 

18 November 2019

AURA ENERGY LIMITED

("Aura" or the "Company")

Aura secures Follow-On Convertible Note from Lind Global Macro Fund LP

Aura Energy Limited (AEE; ASX, AURA; AIM) is pleased to announce that it has entered into a deed of variation with Lind Global Macro Fund LP to modify the convertible loan note agreement dated 30 April 2019 in order to secure an advance of A$350,000 pursuant to a convertible note with a face value of A$420,000 ("Follow-On Convertible Security Note").

Details of the Follow-On Convertible Security note are set out in a Cleansing Notice which has been released on the Australian Securities Exchange pursuant to s.708A(C12)(e) of the Corporations Act 2001 (Commonwealth) and an accompanying Appendix 3B.

It can also be accessed via the following PDF link: 
http://www.rns-pdf.londonstockexchange.com/rns/6578T_1-2019-11-17.pdf

With the Company having implemented a significant cost cutting programme the monies raised will provide the Company will working capital as the Company continues to advance corporate opportunities around its exploration and development assets.

The various initiatives which remain underway include;

·    Discussions for investment into Aura's gold assets

·    Continuation of the Export Credit Agency finance process for Tiris development funding

·    Further optimisation of the Häggån Scoping Study before final release

·    Progression of the compensation claim from the Swedish Government for the Häggån Uranium Project

The Company appreciates the continuing finance support shown by Lind and remains confident of progress on these various initiatives.

For more information please visit www.auraenergy.com.au or contact the following:

Aura Energy Limited Peter Reeve (Executive Chairman)	Telephone: [phone] [e-mail]
SP Angel Corporate Finance LLP (Nominated Advisor and Joint Broker) Ewan Leggat Caroline Rowe	Telephone: [phone]
WH Ireland Limited (Joint Broker) Adrian Hadden James Sinclair-Ford	Telephone: [phone]
Yellow Jersey PR Limited Felicity Winkles Joe Burgess	Telephone: [phone]

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.

 

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