2 July 2024
Aura Energy Limited
("Aura"
or the "Company")
Cancellation of
Securities
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Aura Energy Limited (ASX:AEE, AIM:AURA) ("Aura", the "Company") advises that an Appendix 3H
(Notification of cessation of securities) has been filed with the
Australian Securities Exchange ("ASX") and is available on the
Company's website: https://auraenergy.com.au/investor-centre/asx-announcements/
The Company has cancelled 16,000,000
ordinary shares held by Dave Woodall, a former director of the
Company, which were part of the 20,000,000 Loan Funded Shares that
were admitted to trading on AIM on 7 July 2022 ("Cancelled
Shares"), due to lapse of conditional right to securities because
the conditions have not been, or have become incapable of being
satisfied.
Application will be made for the
16,000,000 Cancelled Shares to be cancelled from trading on AIM
("Cancellation"). It is expected that Cancellation will become
effective on or around 9 July 2024.
Total Voting Rights
Following the cancellation of
16,000,000 Cancelled Shares, the total issued share capital of the
Company will consist of 763,758,795
ordinary shares of no par value each ("Ordinary Shares"). The
Company does not hold any Ordinary Shares in Treasury. Therefore,
the total current voting rights in the Company following
cancellation will be 763,758,795 and this
figure may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change in their
interest in, the share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.
ENDS
The Board of Aura Energy Ltd has
approved this announcement.
This Announcement contains inside
information for the purposes of the UK version of the market abuse
regulation (EU No. 596/2014) as it forms part of United Kingdom
domestic law by virtue of the European Union (Withdrawal) Act 2018
("UK MAR").
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Andrew Grove
Managing Director and CEO
Aura Energy Limited
agrove@auraee.com
+61 414 011 383
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Russell Quinn
Morrow Sodali
Investor & Media
Relations
r.quinn@morrowsodali.com
+61 403 322 097
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SP
Angel Corporate Finance LLP
Nominated Advisor and
Broker
David Hignell
Kasia Brzozowska
Grant Barker
+44 203 470 0470
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About Aura Energy (ASX: AEE, AIM:
AURA)
Aura Energy is an Australian-based
mineral company with major uranium and polymetallic projects in
Africa and Europe.
The Company is focused on developing
a uranium mine at the Tiris Uranium Project, a major greenfield
uranium discovery in Mauritania. The February 2024 FEED study
demonstrated Tiris to be a near-term low-cost 2Mlbs
U3O8 pa near term uranium mine with a 17-year
mine life with excellent economics and optionality to expand to
accommodate future resource growth. In mid-June 2024, Aura
announced the Tiris' global mineral resources increased by 55% to
91.3Mlbs U3O8, up from 58.9Mlbs
U3O8.
Aura plans to transition from a
uranium explorer to a uranium producer to capitalise on the rapidly
growing demand for nuclear power as the world shifts towards a
decarbonised energy sector.
Beyond the Tiris Project, Aura owns
100% of the Häggån Project in Sweden. Häggån contains a
global-scale 2.5Bt vanadium, sulphate of potash ("SOP") and uranium
resource. Utilising only 3% of the resource, a 2023 Scoping Study
outlined a 27-year mine life based on mining 3.5Mtpa.
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1.
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Details of the person discharging managerial
responsibilities/person closely associated
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a)
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Name:
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Dave Woodall
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2.
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Reason for the
notification
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a)
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Position/status:
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Former Director of Aura
Energy
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b)
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Initial
notification/Amendment:
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Initial notification
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3.
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Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
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a)
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Name:
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Aura Energy Limited
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b)
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LEI:
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5493003D06RIWBKIKA27
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4.
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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
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a)
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Description of the financial
instrument, type of instrument:
Identification code:
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shares of no par value
each
AU000000AEE7
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b)
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Nature of the
transaction:
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Cancellation of Loan Funded Option
Shares (as part of Loan Funded Equity Scheme)
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c)
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Price(s) and volume(s):
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Price(s)
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Volume(s)
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A$0.25
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16,000,000
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d)
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Aggregated information:
Aggregated volume:
Price:
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Cancellation of Loan Funded Option
Shares as above
16,000,000
A$0.25
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e)
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Date of the transaction:
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2 July 2024
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f)
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Place of the transaction:
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Outside a trading venue
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