REG - Aura Energy Limited - Completion of Tranche 1 Placement Shares

Aura EnergyAnnouncement

25/03/2024 07:00

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RNS Number : 1209I  Aura Energy Limited  25 March 2024

 
                                                                                                                                            25 March 2024
 Completion of Tranche 1 Placement Shares and Cleansing Notice

Aura Energy Limited (ASX: AEE, AIM: AURA) ("Aura" or the "Company") hereby
gives notice that on 25 March 2024 it completed the issue of the first tranche
of Aura fully paid ordinary shares ("Shares") of the $16.2 million placement
previously announced on 18 March 2024. The first tranche consisted of raising
approximately $16.1 million before costs via the placement of 89,668,896
Shares at $0.30 per Share to new and existing institutional and sophisticated
investors. The Shares were issued using the Company's existing placement
capacity available under ASX Listing Rules 7.1 and 7.1A.

Please refer to the Company's announcements dated 18 March 2024 and Appendix
2A dated 25 March 2024 which contain further details regarding the capital
raising.

Completion of the balance of the capital raising is subject to shareholder
approval at a shareholder meeting to be convened shortly.

Notice pursuant to Section 708A(5)(e) of the Corporations Act 2001

The Company gives notice pursuant to section 708A(5)(e) of the Corporations
Act 2001 (Cth) ("Corporations Act") that:

1.    on 25 March 2024 the Company issued 89,668,896 Shares in respect of a
placement;

 

2.    the Company issued those Shares without disclosure to investors under
Part 6D.2 of the Corporations Act;

 

3.    the Company is providing this notice under section 708A(5)(e) of the
Corporations Act;

 

4.    as at the date of this notice, the Company has complied with:

 

a.    the provisions of Chapter 2M of the Corporations Act as they apply to
the Company; and

 

b.    sections 674 and 674A of the Corporations Act; and

 

5.    as at the date of this notice, there is no "excluded information"
within the meaning of sections 708A(7) and 708A(8) of the Corporations Act
which is required to be disclosed by the Company.

ENDS

The Managing Director & CEO of Aura Energy Ltd has approved this
announcement.

For further information, please contact:

 Andrew Grove                                   Paul Ryan                                                  SP Angel Corporate Finance LLP

 Managing Director and CEO                      Citadel-MAGNUS                                             Nominated Advisor and Broker

 Aura Energy Limited                            Investor & Media Relations                                 David Hignell

 agrove@auraee.com (mailto:Agrove@auraee.com)   pryan@citadelmagnus.com (mailto:pryan@citadelmagnus.com)   Kasia Brzozowska

 +61 414 011 383                                +61 409 296 511                                            Grant Barker

                                                                                                           +44 (0) 203 470 0470

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 resource growth.

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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