Issue of Shares

RNS Number : 5996C

Aura Energy Limited

11 February 2020

 

AURA ENERGY LIMITED

("Aura" or the "Company")

Issue of Shares

Aura wishes to inform the market that on 11 February 2020 its board of directors approved the following share issues:

SD Capital Advisory Limited/GKB Ventures Limited for provision of

  financing advisory services                                                                                   11,164,037

Total number of ordinary shares on issue                                                          1,540,521,259

Ordinary shares held in Treasury                                                                                         Nil

Expected Admission date                                                                             18 February 2020

Background

SD Capital Advisory/GKB Ventures Limited Engagement Letter

On 25 January 2019, the Company executed a Letter of Engagement with SD Capital Advisory Limited and GKB Ventures Limited (collectively "S&G") as joint finance advisors to arrange funding for both the Tiris uranium project in Mauritania and the Häggån vanadium project in Sweden.  The issue of shares referred to above represents a retainer payable for September 2019 to December 2019 at a share price of 0.8 cents per share.

Total shares on issue

The total number of ordinary shares on issue following the issue and Admission of the above shares will be 1,540,521,259 ordinary shares.  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 Caroline Rowe 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.

 

END

 

 

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