Supplementary Prospectus

RNS Number : 3050O

Aura Energy Limited

01 October 2019

 

AURA ENERGY LIMITED

("Aura" or the "Company")

Supplementary Prospectus

The Company wishes to inform the AIM Market that it has lodged a supplementary prospectus with the Australian Securities & Investments Commission and the Australian Securities Exchange in order to issue unlisted options and loyalty options over ordinary shares to subscribers of the Share Placement and Share Purchase Plan.

On 19 June 2019, shareholders approved a prospectus for the grant of listed options and loyalty options over ordinary shares to subscribers to the Share Placement and Share Purchase Plan. 

Under the terms and conditions of the Share Placement and Share Purchase Plan, the Company offered subscribers:

(i)      one (1) listed option over an ordinary share for every three (3) ordinary shares subscribed to under the Share Placement and Share Purchase Plan, expiring two (2) years from the date of issue and exercisable at 2.2 cents per option; and

(ii)      one (1) loyalty option over an ordinary share for every five (5) ordinary shares held by the subscriber on the vesting date (31 July 2019), expiring one (1) year from the date of issue and exerciseable at 2.2 cents per option.

However, the Company did not secure sufficient subscribers to the Share Placement and Share Purchase Plan to satisfy the requirements of the ASX for the option offer set out in (i) above to be quoted on the exchange.  Accordingly, the Company has varied the terms and conditions of the original offer to enable it to grant to the subscribers to the Share Placement and the Share Purchase Plan the same number of options over ordinary shares as set out  above but on an unlisted basis. The revised terms will be as follows:

(i)      one (1) unlisted option over an ordinary share for every three (3) ordinary shares subscribed to under the Share Placement and Share Purchase Plan, with an expiry date of 1 November 2021 and exercisable at 2.2 cents per option; and

(iii)     one (1) loyalty option over an ordinary share for every five (5) ordinary shares held by the subscriber on the vesting date (31 July 2019), with an expiry date of 1 November 2020 and exerciseable at 2.2 cents per option.

Under the Corporations Act 2001, the Share Purchase Plan was limited to shareholders who had a registered address in Australia or New Zealand, as noted on the Company's share register.

Dr R Beeson and Mr JC Perkins, non-executive directors of the Company, both participated in the Share Purchase Plan and will be entitled to 172,667 and 1,072,398 options over ordinary shares, respectively.  The number of options to be granted to Dr Beeson and Mr JC Perkins represent their entitlements to both unlisted options and loyalty options.

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 (Nominated Adviser and 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.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM:

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	1.   Dr Bob Beeson 2.   Mr Julian Perkins
2.	Reason for the notification
a)	Position/status:	1.   Non-Executive Director 2.   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:	Ordinary shares of nil par value each  ISIN: AU000000AEE7
b)	Nature of the transaction:	Entitlement to options over ordinary shares
c)	Price(s) and volume(s):	1. Price(s) Volume(s) 2.2 cents 172,667 2. Price(s) Volume(s) 2.2 cents 1,072,398
d)	Aggregated information: Aggregated volume: Price:	Transactions as in 4 c) above Price(s) Volume(s) 2.2 cents 1,245,065
e)	Date of the transaction:	30 September 2019
f)	Place of the transaction:	Outside a trading venue

 

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