REG - Aura Energy Limited - Cancellation of Securities

Aura EnergyAnnouncement

05/03/2024 12:00

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RNS Number : 6534F  Aura Energy Limited  05 March 2024

                                                                                                             5 March 2024
 Aura Energy Limited

("Aura" or the "Company")

 Cancellation of Securities

 

 

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/
(https://auraenergy.com.au/investor-centre/asx-announcements/)

The Company has cancelled 2,000,000 ordinary shares held by Neil Clifford, a
former director of Archaean Greenstone Gold, a wholly owned subsidiary 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 2,000,000 Cancelled Shares to be cancelled
from trading on AIM ("Cancellation"). It is expected that Cancellation will
become effective on or around 12 March 2024.

 

Total Voting Rights

Following the cancellation of 2,000,000 Cancelled Shares, the total issued
share capital of the Company will consist of 625,370,646 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 625,370,646 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.

For Further Information, please contact:

 Andrew Grove                                                                                                      Paul Ryan

 Managing Director and CEO                                                                                         Citadel-MAGNUS

 Aura Energy Limited                                                                                               Investor & Media Relations

 info@auraenergy.com.au                                                                                            Pryan@citadelmagnus.com (mailto:Pryan@citadelmagnus.com)
 (mailto:info@auraenergy.com.au?subject=Aura%20Energy%20(ASX:AEE)%20-%20Shareholder%20/%20Investor%20Enquiry)

                                                                                                                 +61 409 296 511

 SP Angel Corporate Finance LLP

 (Nominated Advisor and Joint Broker)

 David Hignell

 Kasia Brzozowska

 +44 (0) 203 470 0470

                                                          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.

 

 
                                                          @AuraEnergyAEE (https://twitter.com/aee_auraenergy)

 

 
                                                          https://www.linkedin.com/company/aura-energy-limited (https://www.linkedin.com/company/aura-energy-limited)

                                                                           Subscribe for Investor Updates
                                                          (https://www.auraenergy.com.au/#subscribe)

 

 

 

 
@AuraEnergyAEE (https://twitter.com/aee_auraenergy)

 

 
https://www.linkedin.com/company/aura-energy-limited (https://www.linkedin.com/company/aura-energy-limited)

                 Subscribe for Investor Updates
(https://www.auraenergy.com.au/#subscribe)

 

 

 

 1.    Details of the person discharging managerial responsibilities/person closely
       associated
 a)    Name:                                                         Neil Clifford
 2.    Reason for the notification
 a)    Position/status:                                              Former Director of 100% owned subsidiary, Archaean Greenstone Gold Pty Ltd
 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:  shares of no par value each

       Identification code:                                           AU000000AEE7
 b)    Nature of the transaction:                                    Cancellation of Loan Funded Option Shares (as part of Loan Funded Equity
                                                                     Scheme)
 c)    Price(s) and volume(s):                                       Neil Clifford

Price(s)  Volume(s)
                                                                     A$0.25    2,000,000

 
 d)    Aggregated information:                                       Cancellation of Loan Funded Option Shares as above

       Aggregated volume:                                            2,000,000

       Price:                                                        A$0.25
 e)    Date of the transaction:                                      5 March 2024
 f)    Place of the transaction:                                     Outside a trading venue

 

d)

Aggregated information:

Aggregated volume:

Price:

Cancellation of Loan Funded Option Shares as above

2,000,000

A$0.25

e)

Date of the transaction:

5 March 2024

f)

Place of the transaction:

Outside a trading venue

 

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