Issue of Shares

RNS Number : 6812N

Aura Energy Limited

26 September 2019

 

AURA ENERGY LIMITED

("Aura" or the "Company")

Issue of Shares

Aura wishes to inform the market that on 25 September 2019 the Company issued the following ordinary shares:

Met Forages sarl on settlement of drilling charges pursuant to a

  Drilling Settlement Agreement                                                                              18,811,250

Lind Global Macro Fund LP on conversion of convertible notes into

  fully paid ordinary shares                                                                                      16,666,667

WH Ireland Limited for services as Nominated Adviser and Broker                         2,021,250

Total number of ordinary shares on issue                                                         1,300,904,841

Ordinary shares held in Treasury                                                                                         Nil

Expected Admission date                                                                                1 October 2019

Background

Conversion of convertible notes

On 30 April 2019, the Company executed a Convertible Security Financing Agreement and a Security Deed with Lind Global Macro Fund LP for A$2,000,000.  Following the expiry of 60 days from the date of execution, Lind was entitled to convert convertible notes into ordinary shares in the Company.  Under the Agreement, Lind is entitled to convert its convertible notes into ordinary shares at 90% of the average of 5 daily VWAPs chosen by Lind from the daily VWAPs for the 20 Trading Days immediately prior to the Conversion Notice Date.

The issue of shares referred to above relates to the third Conversion Notice received from Lind to convert A$100,000 (the maximum monthly convertible amount) of convertible notes into fully paid ordinary shares.

Settlement of drilling charges

On 8 August 2019, the Company  executed a Drilling Settlement Agreement with Met Forages sarl to undertake a water drilling campaign at the Tiris uranium project.  Under the terms and conditions of the Agreement the Company has the right to settle drilling charges (other than mobilisation and fuel) by way of the issue of fully paid ordinary shares.

Nominated adviser fees

The Company and WH Ireland Limited agreed to terms for the latter to become a Joint Broker of the Company with effect from 23 September 2019 and agreed for part of the cash fee due for services provided from June 2019 to August 2019 as Nominated Adviser to be settled by way of the issue of fully paid ordinary shares.

Total shares on issue

The total number of ordinary shares in issue following the issue and Admission of the above Placement Shares will be 1,300,904,841 ordinary shares with voting rights.  There are no shares held in treasury and, therefore this figure may be used by shareholders, from the appropriate time, as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

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

Aura Energy Limited Peter Reeve (Executive Chairman) SP Angel Corporate Finance LLP (Nominated Advisor and Joint Broker) Ewan Leggat Jamie Spotswood WH Ireland Limited (Joint Broker) Adrian Hadden James Sinclair-Ford Yellow Jersey PR Limited Felicity Winkles Joe Burgess

Telephone: [phone] [e-mail] Telephone: [phone] Telephone: [phone] 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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