TIDMAURA
RNS Number : 2356C
Aura Energy Limited
09 June 2023
9 June 2023
Share Purchase Plan offer closing on Tuesday 13 June 2023
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Aura Energy Limited (ASX: AEE, AIM: AURA) ("Aura" or "the
Company") would like to remind Eligible Shareholders that the offer
to participate in the Company's Share Purchase Plan ("SPP") to
raise a further A$1 million closes at 5pm AEST on Tuesday 13 June
2023.
This follows Aura's previous announcement (see ASX & AIM
announcement dated 3 May 2023) confirming it had received firm
commitments to raise A$10 million via the placement of
approximately 54.05 million new fully paid ordinary shares ("New
Shares") at an offer price of A$0.185 per New Share
("Placement").
Record Date for SPP 5 pm AEST Tuesday, 2 May 2023
==============================
Closing date of SPP Offer Tuesday, 13 June 2023
==============================
Announcement of results of SPP Tuesday, 20 June 2023
==============================
Issue of Shares under the SPP Tuesday, 20 June 2023
and lodgement of Appendix 2A
and cleansing notice for Shares
==============================
Quotation of Shares issued under Wednesday, 21 June 2023
the SPP on ASX
==============================
1. The JLMs and the Company reserve the right to vary these dates.
Share Purchase Plan (SPP) Details:
In conjunction with the Placement, the Company is offering
eligible shareholders the opportunity to participate in a Share
Purchase Plan ("SPP") on the same terms as the Placement to raise
up to a further A$1 million, with approximately 5.4 million New
Shares ("SPP Shares") available for issue.
The SPP will enable the Company's retail and existing
shareholder base to participate in the growth of the Company on the
same terms as the Placement.
The key terms of the SPP are as follows:
-- Up to $30,000 per eligible shareholder, across all of their holdings.
-- Further information regarding the SPP (including terms and
conditions of the SPP) will be provided to eligible shareholders in
an offer booklet, which will be made available to eligible
shareholders shortly. Eligible shareholders wishing to participate
in the SPP will need to apply in accordance with the instructions
in the Prospectus.
-- Participation in the SPP is optional.
Eligible Shareholders can apply for Shares under the SPP in
increments of $2,500 up to $30,000. Applications for SPP Shares
under the SPP must be for a minimum of $2,500. On the basis of the
issue price of SPP Shares available under the SPP, $2,500 will
subscribe for 13,513 Shares and $30,000 will subscribe for 162,162
SPP Shares. Any fractional entitlement to SPP Shares under the SPP
will be rounded down.
Shareholders who wish to discuss the SPP, or who have not
received the offer documents, can contact Stevan Adzic (Peloton
Shareholder Services), on +61 401 639 114 between 9 am to 5 pm
(AEST), or email stevan.adzic@pelshare.com.au.
Authorised for lodgement by the Board of Aura Energy
For further information, please contact:
David Woodall Paul Ryan
Managing Director and CEO Citadel-MAGNUS
Aura Energy Limited Investor & Media Relations
info@auraenergy.com.au pryan@citadelmagnus.com
+61 409 296 511
SP Angel Corporate Finance LLP WH Ireland Limited
(Nominated Advisor and Joint (Joint Broker)
Broker) James Bavister
David Hignell Andrew de Andrade
Kasia Brzozowska +44 (0) 207 220 1666
+44 (0) 203 470 0470
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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 now focused on uranium production
from the Tiris Project, a major greenfield uranium discovery in
Mauritania.
A recent Enhanced Feasibility Study has increased the project
NPV significantly which reconfirms Tiris as one of the lowest
capex, lowest operating cost uranium projects that remain
undeveloped in the world.
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 2023, Aura will continue to transition from a uranium
explorer to a uranium producer, to capitalise on the rapidly
growing demand for nuclear power as the world continues to shift
towards a decarbonised energy sector.
Disclaimer Regarding Forward-Looking Statements
This ASX announcement (Announcement) contains various
forward-looking statements. All statements other than statements of
historical fact are forward-looking statements. Forward-looking
statements are inherently subject to uncertainties in that they may
be affected by a variety of known and unknown risks, variables and
factors which could cause actual values or results, performance or
achievements to differ materially from the expectations described
in such forward-looking statements. The Company does not give any
assurance that the anticipated results, performance or achievements
expressed or implied in those forward-looking statements will be
achieved.
Mineral Resource and Ore Reserve Estimates
The information in this announcement that relates to Mineral
Resources or Ore Reserves is extracted from the reports titled '
Tiris Uranium Project - Resource Upgrade of 10% ' released to the
Australian Securities Exchange (ASX) on 27 August 2021 and 'Tiris
Uranium Project DFS Update' released to the ASX on 18 August 2021
and for which Competent Persons' consents were obtained. Each
Competent Person's consent remains in place for subsequent releases
by the Company of the same information in the same form and
context, until the consent is withdrawn or replaced by a subsequent
report and accompanying consent. The Company confirms that it is
not aware of any new information or data that materially affects
the information included in the original ASX announcements and, in
the case of estimates of Mineral Resources or Ore Reserves, that
all material assumptions and technical parameters underpinning the
estimates in the original ASX announcements continue to apply and
have not materially changed.
The Company confirms that the form and context in which the
Competent Person's findings are presented have not been materially
modified from the original ASX announcements.
In respect to Resource statements, there is a low level of
geological confidence associated with the inferred mineral resource
and there is no certainty that further exploration work will result
in the determination of indicated measured resource or that the
production target will be realised.
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END
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