Issue of Equity

RNS Number : 9766S

Aura Energy Limited

19 July 2022

 

 

        19 July 2022

Aura Energy Limited

Issue of Equity

Appendix 2A and Cleansing Notice

Aura Energy Limited (ASX:AEE, AIM:AURA) ("Aura", the "Company") a company focused on the development of the 85% owned Tiris Uranium Project, Mauritania, advises that an Appendix 2A (Application for quotation of securities) and a cleansing notice (the "Notice") have been filed with the Australian Securities Exchange ("ASX") and are available on the Company's website:  https://www.auraenergy.com.au/investor-centre/#asx

The Company has issued 2,160,000 fully paid ordinary shares ("New Shares") to professional service providers to settle invoices.

Application will be made for the 2,160,000 New Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on or around 26 July 2022.

The Notice is set out in full below:

Notice Under Section 708A(5) of the Corporations Act 2001

This notice is given under paragraph (5)(e) of section 708A of the Corporations Act 2001.

Type	Shares
Class/description	Ordinary
ASX code	AEE
Date of issue	19 July 2022
Number issued	1,500,000	660,000
Issue price per security	$0.052 ea.	$0.25 ea.

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

1.  the abovementioned ordinary shares were issued without disclosure under Part 6D.2 of the Corporations Act;

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

(i)  the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

(ii)  sections 674 and 674A of the Corporations Act; and

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

For Further Information, please contact:

Will Goodall Acting 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 that has major uranium and polymetallic projects with large resources in Africa and Europe.

The Company is focused on uranium production the Tiris Project, an evolving major greenfields uranium discovery in Mauritania, with Aura announcing a Resource Upgrade in August 2021 of 10% or 5.0 million lb U₃O₈ bringing the total JORC Resource to 56 Mlbs (at a 100 ppm U₃O₈ lower cut-off grade).

Aura also completed a capital estimate update for the Tiris Definitive Feasibility Study, to reflect current global pricing, with these 2021 figures reconfirming Tiris as one of the lowest capex, lowest operating cost uranium projects.

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 a 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.

 

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