REG - Aura Energy Limited - Publication of Prospectus
23/04/2024 07:00
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RNS Number : 6548L Aura Energy Limited 23 April 2024
23 April 2024
Aura Energy Limited
("Aura" or the "Company")
Publication of Prospectus
Aura Energy Limited (ASX:AEE, AIM:AURA) ("Aura", the "Company") advises that
it has published a prospectus in relation to its share purchase plan ("SPP")
and offer of options under the placement, initially announced on 18 March 2024
(the "Prospectus").
The full version of the Prospectus can be seen here:
http://www.rns-pdf.londonstockexchange.com/rns/6548L_1-2024-4-23.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/6548L_1-2024-4-23.pdf)
To view the Letter to the Eligible Shareholders, please click here:
http://www.rns-pdf.londonstockexchange.com/rns/6548L_2-2024-4-23.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/6548L_2-2024-4-23.pdf)
The Company is offering Eligible Shareholders (as defined in the Prospectus)
the opportunity to apply to participate in the Company's share purchase plan
to raise up to approximately A$2 million (before costs) ("SPP Offer")
Additionally, the Company wishes to provide Eligible DI Holders (as defined
below) the opportunity to apply for up to A$30,000 (£15,600) worth of fully
paid ordinary shares in the Company ("SPP Shares") (being up to 166,666 SPP
Shares) at an issue price of A$0.18 (£0.0936) for each SPP Share, without
incurring brokerage or other transaction costs. Eligible DI Holders whose
application pursuant to the SPP Offer is successful will be issued SPP Shares
tradeable on AIM and three (3) free attaching options for every four (4) SPP
Shares issued under the SPP Offer, exercisable at A$0.30 (£0.156) per option
and expiring two years from the date of issue ("SPP Options"). The SPP Options
will not be admitted to trading on AIM, and will only be tradeable on ASX
(subject to the Company satisfying the official quotation requirements of
ASX).
"Eligible DI Holders" will be those holders that satisfy all of the below:
· holders of Depositary Interests ("DI") in respect of Shares as at
6:00am (GMT) on Friday, 15 March 2024, being the Record Date;
· who were recorded on the DI Register with an address in Australia,
the United Kingdom or New Zealand;
· who are not resident or located in the United States, and not acting
for the account or benefit of persons in the United States; and
· who are not resident or located in any other jurisdiction in or into
which an offer of SPP Shares would be unlawful.
DI holders who are not Eligible DI Holders are unable to participate in the
SPP Offer.
Eligible DI Holders will be provided with a letter from Computershare Investor
Services PLC, as Depositary in relation to the Company's DI's ("Eligible DI
Holder Letter") and an application form to be used for the purposes of
applying under the SPP Offer.
To view the Eligible DI Holder Letter, please click here:
http://www.rns-pdf.londonstockexchange.com/rns/6548L_3-2024-4-23.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/6548L_3-2024-4-23.pdf)
To view the Target Market Determination Letter, please click here:
http://www.rns-pdf.londonstockexchange.com/rns/6548L_4-2024-4-23.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/6548L_4-2024-4-23.pdf)
The Prospectus, Eligible DI Holder Letter and Target Market Determination
Letter can also be viewed on the Company's website: www.auraenergy.com.au
(http://www.auraenergy.com.au)
Defined terms used in this announcement shall have the same meaning as in the
Prospectus unless otherwise specified.
The timetable and certain sections of the Prospectus are reproduced below:
Timetable
Event Date*
Shareholders DI Holders
Record Date to identify Eligible Shareholders entitled to participate in the 7:00pm (AEST) on Friday, 15 March 2024 6:00am (GMT) on Friday, 15 March 2024
SPP Offer
Announcement of Placement and SPP Offer Monday, 18 March 2024 Monday, 18 March 2024
Lodgement of Prospectus with ASIC and ASX Tuesday, 23 April 2024 Tuesday, 23 April 2024
Opening Date of Offers Tuesday, 23 April 2024 Tuesday, 23 April 2024
General Meeting to approve (amongst other matters) the issue of the New Tuesday, 21 May 2024 Tuesday, 21 May 2024
Securities and Director Placement Shares
Closing Date for the Offers 5:00pm (AEST) on Thursday, 23 May 2024 1:00pm (BST) on Thursday, 23 May 2024
Announcement of SPP Offer results (conditional upon Shareholder approval at Thursday, 30 May 2024 Thursday, 30 May 2024
the General Meeting)
Issue of New Securities and Director Placement Shares (to the extent approved Thursday, 30 May 2024 Thursday, 30 May 2024
at the General Meeting)
Official Quotation of SPP Shares on ASX Thursday, 30 May 2024 Thursday, 30 May 2024
Admission of SPP Shares and Director Placement Shares on AIM Thursday, 30 May 2024 Thursday, 30 May 2024
Subject to satisfying ASX requirements, Official Quotation of SPP Options and Thursday, 30 May 2024 Thursday, 30 May 2024
Placement Options under the Offers (noting the SPP Options and Placement
Options are not being admitted to trading on AIM)
Details of the SPP Offer
About the SPP Offer
What is the SPP Offer? The SPP Offer provides Eligible Shareholders with an opportunity to apply for
up to A$30,000 (£15,600) worth of SPP Shares, being 166,666 SPP Shares (and
the corresponding 124,999 free attaching SPP Options, on a three (3) for four
(4) basis) without paying brokerage or other transaction costs. The SPP Shares
will be admitted to trading on the ASX and AIM. The SPP Options will not be
admitted to trading on AIM, only the ASX (subject to satisfying the ASX
quotation requirements).
Refer to Section 2.1 of the Prospectus for further details.
What is the Issue Price of SPP Shares? The Issue Price for each SPP Share is A$0.18 (£0.0936), being a discount of:
· 18.2% discount to A$0.22, being the closing price
of Shares on ASX on 14 March 2024 (being the last day on which trades of
Shares occurred before the Company announced the Placement and SPP Offer); and
· 23.5% discount to the 5-day VWAP of Shares up to
and including 14 March 2024.
The method used to calculate the Issue Price was to match it to the issue
price per Share offered pursuant to the Placement. The maximum subscription
amount of A$30,000 (£15,600) and the Issue Price of A$0.18 (£0.0936) is
based on an AUD/GBP foreign exchange rate of 0.52 (rounded to 2 decimal
places) prevailing as at the date of the announcement of the SPP Offer (refer
to the Company's ASX and AIM announcements dated 18 March 2024).
Why is the Company making the SPP Offer? The SPP Offer is part of a capital raising being implemented in conjunction
with a Placement to the Placement Investors, which was announced to the ASX
and AIM on 18 March 2024.
The SPP Offer gives Eligible Shareholders the opportunity to apply to invest
in the Company at the same issue price per Share as the Placement.
The Company presently intends to use funds raised under the SPP Offer for the
purposes set out in Section 3.1 of the Prospectus.
Who is eligible to participate in the SPP Offer? Only Eligible Shareholders (as defined in Section 2.8 of the Prospectus) may
apply to participate in the SPP Offer. Shareholders that are not Eligible
Shareholders are not eligible to apply to participate in the SPP Offer. DI
Holders are not Eligible Shareholders and should not complete SPP Application
Forms or send any monies in accordance with the instructions set out in the
Prospectus.
The SPP Offer is also being extended to Eligible DI Holders. Eligible DI
Holders will be sent the Eligible DI Holder Letter and accompanying
application form with instructions as to how they may participate in the SPP
Offer, should they wish to.
What if I am located outside of Australia, the United Kingdom or New Zealand? The SPP Offer is not being extended, and no SPP Securities will be issued to
Shareholders with a registered address that is outside of Australia, the
United Kingdom or New Zealand or any other jurisdiction where the Company is
not satisfied that it is lawfully able to make such an offer or issue the
Prospectus without being required to take any further action in the relevant
jurisdiction concerned.
Shareholders in the United States are not eligible to participate in the SPP
Offer. Similarly, Shareholders (including trustees, nominees and Custodians)
who are acting for the account or benefit of persons in the United States, are
not eligible to participate in the SPP Offer on behalf of those persons.
The Prospectus does not constitute a UK prospectus and has not been approved
by the UK Financial Conduct Authority.
In the United Kingdom, the Prospectus is being distributed only to, and is
directed at, persons (i) who have professional experience in matters relating
to investments falling within Article 19(5) (investment professionals) of the
Financial Services and Markets Act 2000 (Financial Promotions) Order 2005
("FPO") or, (ii) who fall within the categories of persons referred to in
Article 49(2)(a) to (d) (high net worth companies, unincorporated
associations, etc.) of the FPO or (iii) who fall within the categories of
persons referred to in Article 43(2) (members and creditors of certain bodies
corporate) of the FPO or (iv) to whom it may otherwise be lawfully
communicated ("relevant persons"). The investment to which the Prospectus
relates is available only to relevant persons. Any person who is not a
relevant person should not act or rely on the Prospectus.
The distribution of the Prospectus in jurisdictions outside Australia may be
restricted by law and therefore persons into whose possession the Prospectus
comes should seek advice on and observe any such restrictions. Any failure to
comply with these restrictions may constitute a violation of those laws. Refer
to Section 2.21 of the Prospectus for further details.
What are the rights and liabilities attaching to the SPP Shares? The SPP Shares (and shares issued on exercise of the SPP Options) issued under
the SPP Offer will, from their time of issue, rank equally in all respects
with the Company's existing Shares on issue. The SPP Shares issued under the
SPP Offer will be admitted to trading on ASX and AIM. Refer to Section 5.1 of
the Prospectus for details on the rights and liabilities attaching to Shares.
Do I have to participate in the SPP Offer? No, participation is entirely voluntary. If you do not wish to apply for SPP
Securities in the SPP Offer, no action is required on your part.
Please note that Eligible Shareholders who do not participate will have their
percentage shareholding in the Company reduced, for example as a result of any
issue of SPP Shares to participating Eligible Shareholders.
How long is the SPP Offer period? The SPP Offer opens for acceptances on Tuesday, 23 April 2024 and all
Applications and payments of Application Monies must be received by no later
than 5:00pm (AEST) / 1:00pm (BST) on Thursday, 23 May 2024, subject to any
variation of the Closing Date by the Directors.
Will the SPP Options be quoted? The Company proposes to seek quotation of the SPP Options subject to
satisfying the quotation requirements of the ASX. The SPP Options will only be
admitted to Official Quotation by the ASX if the conditions for quotation of a
new class of securities are satisfied.
Failure to obtain Official Quotation of the SPP Options will not prevent the
issue of the SPP Options and will not cause any such issue to be void pursuant
to the Corporations Act, as the SPP Offer is not conditional upon Official
Quotation of the SPP Options being granted. However, the SPP Offer is
conditional on the relevant SPP Shares which are issued pursuant to the SPP
Offer being admitted to Official Quotation by the ASX before the expiration of
three months after the date of issue of the Prospectus (or within such longer
period as may be permitted by law).
If Official Quotation of the SPP Options is not granted, the SPP Options
issued pursuant to the SPP Offer will not be able to be traded on the ASX.
Application is not being made for the admission of the SPP Options to trading
on AIM.
Refer to Sections 2.16 and 2.17 of the Prospectus for further details. For the
terms and conditions of the SPP Options (and the Placement Options) please
refer to to Section 5.2 of the Prospectus.
What are the key risks of an investment in the Company? The SPP Securities offered should be considered highly speculative because of
the nature of the business activities of the Company and no assurances can be
made that the Company's particular business activities will be successful.
Potential investors should consider whether the SPP Securities offered are a
suitable investment having regard to their own personal investment objectives
and financial circumstances and the risk factors detailed in Section 4 of the
Prospectus.
How do I apply under the SPP Offer? If you are an Eligible Shareholder and you wish to subscribe for SPP
Securities under the SPP Offer, please pay your Application Monies in
accordance with the instructions in the Prospectus (including in Sections 2.10
and 2.12 of the Prospectus) and the SPP Application Form.
Pursuant to the SPP Offer, Eligible Shareholders may apply for a maximum of
A$30,000 (£15,600) worth of SPP Shares (being 166,666 SPP Shares and the
corresponding 124,999 SPP Options). Eligible Shareholders may participate by
selecting one of the following options to make an Application for SPP
Securities under the SPP Offer:
Parcel Application Monies Value of Depositary Interests1 Number of SPP Shares Number of attaching SPP Options
A A$30,000 £15,600 166,666 124,999
B A$25,000 £13,000 138,888 104,166
C A$20,000 £10,400 111,111 83,333
D A$15,000 £7,800 83,333 62,499
E A$10,000 £5,200 55,555 41,666
F A$5,000 £2,600 27,777 20,832
G A$2,000 £1,040 11,111 8,333
H A$1,000 £520 5,555 4,166
I A$500 £260 2,777 2,082
Notes:
1. Based on an AUD/GBP foreign exchange rate of 0.52 (rounded to 2
decimal places) prevailing as at the date of the announcement of the SPP Offer
(refer to the Company's ASX and AIM announcements dated 18 March 2024).
The above table details the number of SPP Securities that would be issued for
different amounts of Application Monies (assuming there is no scale back of
applications) and assuming the Company accepts the Application and elects to
issue those SPP Securities (which election is in the Company's sole
discretion). Where the amount applied for results in a fraction of a SPP
Security, the number of SPP Securities issued will be rounded down to the
nearest whole number.
If you do not provide the exact amount of Application Monies, the Company
reserves its right to return your Application Monies or round your Application
Monies down to the next valid parcel. If the Company returns all your
Application Monies, no SPP Securities will be issued to you.
If an Eligible Shareholder applies for an amount which is not exactly
divisible by the Issue Price, in calculating the number of SPP Shares to be
issued, all fractional entitlements will be rounded down to the nearest whole
number of Shares. The Company will not refund any resulting small excess in
subscription monies (i.e., A$5 (£2.60) or less) which will be deemed to form
part of the aggregate Issue Price for the SPP Shares.
The SPP Offer is non-renounceable, which means that Eligible Shareholders may
not transfer their rights to apply for any SPP Securities under the SPP Offer.
SPP Application Forms and payments under the SPP Offer are irrevocable and may
not be withdrawn once the Company receives it. Applications may be scaled back
or rejected, at the absolute discretion of the Company.
DI Holders are not Eligible Shareholders and should not complete an SPP
Application Form or send any monies in accordance with the instructions set
out in the Prospectus. Eligible DI Holders will be sent the Eligible DI
Holder Letter and accompanying application form with instructions as to how
they may participate in the SPP Offer, should they wish to.
When will the SPP Securities be allotted? It is expected that the SPP Securities will be issued on Thursday, 30 May
2024. However, if the Closing Date is extended or accelerated by the Company,
the date for issue may also alter.
Notes:
1. Based on an AUD/GBP foreign exchange rate of 0.52 (rounded to 2
decimal places) prevailing as at the date of the announcement of the SPP Offer
(refer to the Company's ASX and AIM announcements dated 18 March 2024).
The above table details the number of SPP Securities that would be issued for
different amounts of Application Monies (assuming there is no scale back of
applications) and assuming the Company accepts the Application and elects to
issue those SPP Securities (which election is in the Company's sole
discretion). Where the amount applied for results in a fraction of a SPP
Security, the number of SPP Securities issued will be rounded down to the
nearest whole number.
If you do not provide the exact amount of Application Monies, the Company
reserves its right to return your Application Monies or round your Application
Monies down to the next valid parcel. If the Company returns all your
Application Monies, no SPP Securities will be issued to you.
If an Eligible Shareholder applies for an amount which is not exactly
divisible by the Issue Price, in calculating the number of SPP Shares to be
issued, all fractional entitlements will be rounded down to the nearest whole
number of Shares. The Company will not refund any resulting small excess in
subscription monies (i.e., A$5 (£2.60) or less) which will be deemed to form
part of the aggregate Issue Price for the SPP Shares.
The SPP Offer is non-renounceable, which means that Eligible Shareholders may
not transfer their rights to apply for any SPP Securities under the SPP Offer.
SPP Application Forms and payments under the SPP Offer are irrevocable and may
not be withdrawn once the Company receives it. Applications may be scaled back
or rejected, at the absolute discretion of the Company.
DI Holders are not Eligible Shareholders and should not complete an SPP
Application Form or send any monies in accordance with the instructions set
out in the Prospectus. Eligible DI Holders will be sent the Eligible DI
Holder Letter and accompanying application form with instructions as to how
they may participate in the SPP Offer, should they wish to.
When will the SPP Securities be allotted?
It is expected that the SPP Securities will be issued on Thursday, 30 May
2024. However, if the Closing Date is extended or accelerated by the Company,
the date for issue may also alter.
Purpose of the Offer
The purpose of the Prospectus is to:
· make the SPP Offer and the Placement Options Offer;
· facilitate any potential secondary trading of the New Securities; and
· facilitate any potential secondary trading of the Shares to be issued
upon exercise of the SPP Options and Placement Options. Issuing the SPP
Options and Placement Options under the Prospectus will enable persons who are
issued SPP Options and/or Placement Options to on-sell the Shares issued upon
exercise of those Options, pursuant to ASIC Corporations (Sale Offers That Do
Not Need Disclosure) Instrument 2016/80.
However, the Company is not specifically proposing to issue the New Securities
for the purpose of the persons to whom they are issued selling or transferring
their New Securities, or granting, issuing or transferring interests in, or
options or warrants over, their New Securities. The Prospectus does not
constitute a UK prospectus and has not been approved by the UK Financial
Conduct Authority.
The Placement and SPP Offer are being undertaken for the Company to raise up
to approximately A$18.2 million (before costs). Of that total amount which may
be raised, approximately A$16,140,401 has already been received by the Company
as the aggregate issue price for the Tranche 1 Placement.
The above amounts exclude any funds which may be raised in future from any
exercise of the SPP Options and Placement Options issued pursuant to the
Prospectus.
Funds raised from issue of Shares pursuant to the Placement and from the issue
of SPP Shares, and any exercise of the SPP Options and Placement Options, are
indicatively proposed to be used towards:
· assisting the Company with pre-development activities at the Tiris
Project in Mauritania, with a final investment decision expected in 2024 and
production expected in 2026;
· supporting development of the Häggån Project in Sweden; and
· providing additional working capital.
As with any budget, intervening events and new circumstances have the
potential to affect the manner in which the funds are ultimately applied. The
Board reserves the right to alter the way funds are applied.
Effect on the Capital Structure
The effect of the Offers on the capital structure of the Company, assuming the
maximum numbers of New Securities are issued pursuant to the Offers (and
assuming the Director Placement Shares are issued), is as follows (actual
figures may vary, for example due to rounding):
Shares Options Loan Funded Shares(3)
Securities on issue as at the date of the Prospectus 689,516,477(1) 65,283,605(2) 38,000,000
Director Placement Shares to be issued under the Tranche 2 Placement(4) 722,222 - -
SPP Securities to be issued under the SPP Offer (assuming maximum number of 11,111,108 8,333,331 -
SPP Shares are issued)(5)
Placement Options to be issued under the Placement Options Offer(6) - 67,793,338 -
TOTAL(7) 700,715,519 142,104,562 38,000,000
Notes:
1. This figure comprises the 89,668,896 Shares that were issued
under the Tranche 1 Placement on 25 March 2024.
2. This figure comprises the following:
(a) 64,898,989 listed Options expiring 30 June 2024 exercisable at
A$0.052 per Option; and
(b) 384,616 unlisted Options expiring 30 June 2024, exercisable at
A$0.052 per Option.
3. The Loan Funded Shares are unlisted fully paid shares issued
under the Company's Loan Funded Equity Scheme.
4. The Director Placement Shares under the Tranche 2 Placement are
anticipated to be issued on or around Thursday, 30 May 2024 (subject to
Shareholder approval at the General Meeting).
5. This assumes the maximum amount of A$2 million is raised
pursuant to the SPP Offer. The SPP Securities under the SPP Offer are subject
to Shareholder approval at the General Meeting.
6. This figure comprises 722,222 of the Placement Options to be
issued under the Tranche 2 Placement pursuant to the Placement Options Offer
(subject to Shareholder approval at the General Meeting). The terms and
conditions of the Placement Options are detailed in Section 5.2 of the
Prospectus.
7. On a fully diluted basis, assuming all of the Options detailed
above convert into Shares and all of the Loan Funded Shares vest, the
Company's issued capital detailed above would equate to 880,760,081 Shares. No
forecast is made of whether any Options will be exercised or converted into
Shares.
Effect of the Offers on control of the Company
Company is of the view that the Offers will not affect the control (as defined
by section 50AA of the Corporations Act) of the Company. No new investor or
existing Shareholder will have a Voting Power greater than 20% as a result of
the completion of the Offers.
Pro Forma Statement of Financial Position
The pro forma statement of financial position of the Company as at 31 December
2023 has been prepared by the Company based on the audit reviewed statement of
financial position as at 31 December 2023, and adjusted to reflect pro forma
assets and liabilities of the Company as if completion of the SPP Offer and
the Placement had occurred by 31 December 2023.
The pro-forma financial information has not been audited or reviewed and,
other than the estimated costs of the SPP Offer and the Placement, it does not
include the indicative expenditure of the proceeds of the SPP Offer and the
Placement.
The pro forma financial information is presented in an abbreviated form, in so
far as it does not include all of the disclosure statements or comparative
information required by Australian Accounting Standards applicable to the
Company's annual financial statements.
The financial information should be read in conjunction with the risk factors
described in Section 4 of the Prospectus, and other information detailed
within or referred to in the Prospectus, including the Company's other
periodic and continuous disclosure announcements referred to in Section 5.4 of
the Prospectus.
Reviewed Balance Sheet Placement Share Purchase Plan Pro-forma
31 December 2023
31 December 2023
(A$) (A$) (A$) (A$)
Assets
Current assets
Cash and cash equivalents 5,862,213 15,218,175 1,825,195 22,905,583
Other receivables 178,215 178,215
Other current assets 94,880 94,880
Assets classified as disposal group 2,612,405 2,612,405
Total current assets 8,747,713 25,791,083
Non-current assets
Security deposits 53,295 53,295
Plant and equipment 9,524 9,524
Right of use assets 267,140 267,140
Exploration and evaluation 32,827,319 32,827,319
Total non-current assets 33,157,278 33,157,278
Total assets 41,904,991 58,948,361
Liabilities
Current liabilities
Trade and other payables 3,564,118 3,564,118
Employee benefits 107,215 107,215
Other current liabilities 3,067 3,067
Lease liabilities 82,674 82,674
Liabilities directly associated with assets classified as disposal group 112,041 112,041
Total current liabilities 3,869,115 3,869,115
Non-current liabilities
Employee benefits 1,847 1,847
Lease liabilities 207,091 207,091
Total non-current liabilities 208,938 208,938
Total liabilities 4,078,053 4,078,053
Net assets 37,826,938 54,870,308
Equity
Share capital 82,278,531 15,218,175 1,825,195 99,321,901
Other equity 314,346 314,346
Other reserves 5,006,460 5,006,460
Accumulated losses (49,712,736) (49,712,736)
Capital and reserves attributable to owners of parent 37,886,601 54,929,971
Non-controlling interests (59,663) (59,663)
Total equity 37,826,938 54,870,308
The adjustments in this pro forma statement of financial position are as
follows:
1 the issue of 90,391,118 Shares at A$0.18 per Share under
the Placement to raise gross proceeds of approximately A$16,270,401 less the
cost of the Placement (including brokerage, lead manager and quotation fees)
of approximately A$1,052,226 (excluding GST); and
2 the issue of 11,111,108 SPP Shares at A$0.18 (£0.0936)
per SPP Share to raise gross proceeds of approximately A$2,000,000 (assuming
the SPP Offer is fully subscribed) less the cost of the SPP Offer as detailed
in Section 5.15 of the Prospectus (being approximately A$174,805).
Related Party Transaction
Subject to Shareholder approval, Mr Andrew Grove, a Director, committed to
subscribe for 555,556 Director Placement Shares to raise approximately
A$100,000 (before costs), and up to 416,667 Placement Options under the
Tranche 2 Placement. As subsequently announced on
15 April 2024, Mr Philip Mitchell, a Director, is seeking to invest an
additional A$30,000 under the Tranche 2 Placement, subject to shareholder
approval at the General Meeting, scheduled to be held on Tuesday, 21 May
2024.
The issue of the 555,556 Director Placement Shares and 416,556 Placement
Options to Mr Andrew Grove and the 166,666 Director Placement Shares and
124,999 Placement Options to Mr Philip Mitchell under the Tranche 2 Placement
constitutes a related party transaction for the purpose of Rule 13 of the AIM
Rules. The Directors (other than Mr Andrew Grove and Mr Philip Mitchell), who
are independent of the Tranche 2 Placement, having consulted with SP Angel
Corporate Finance LLP, the Company's nominated adviser, consider that the
terms of the Tranche 2 Placement are fair and reasonable in so far as
Shareholders are concerned.
Taxation Implications
The Directors do not consider it appropriate to give Applicants advice
regarding the taxation consequences of subscribing for New Securities under
the Prospectus (nor of exercising any SPP Options and/or Placement Options
into Shares). The Company, its advisers and its officers do not accept any
responsibility or liability for any such taxation consequences to Applicants.
As a result, Applicants should consult their professional tax adviser in
connection with subscribing for New Securities under the Prospectus.
Privacy
The Company collects information about each Applicant provided on an
Application Form for the purposes of processing that Application and, if the
Application is successful, to administer the Applicant's security holding in
the Company. Such information may be used to assess your Application, service
your needs as a holder of securities, provide facilities and services that you
request and carry out appropriate administration.
By submitting an Application Form, each Applicant agrees that the Company may
use the information provided by an Applicant on the Application Form for the
purposes set out in this privacy disclosure statement and may disclose it for
those purposes to the Share Registry, the Company's or its subsidiaries',
agents, contractors and third party service providers, including mailing
houses and professional advisers, and to the ASX and regulatory authorities,
or as otherwise permitted under the Privacy Act 1988 (Cth).
Enquiries concerning the Prospectus
Enquiries relating to the Prospectus or the Offers should be directed to the
Share Registry, Computershare Investor Services Pty Ltd on 1300 850 505
(within Australia) or +61 3 9415 4000 (outside Australia) between 8:30am and
5:00pm (AEST) Monday to Friday (excluding public holidays) during the offer
period for the Offers or email the Company Secretary at rkennedy@auraee.com.
Eligible DI Holders should contact the Depositary, Computershare Investor
Services PLC on 0370 702 0000 (within UK) or +44 370 702 0000 (outside UK)
between 8:30am and 5:30pm (BST) on any London business day.
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
info@auraenergy.com.au p.ryan@morrowsodali.com (mailto:p.ryan@morrowsodali.com) Kasia Brzozowska
(mailto:info@auraenergy.com.au?subject=Aura%20Energy%20(ASX:AEE)%20-%20Shareholder%20/%20Investor%20Enquiry)
+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 U(3)O(8) p.a
near term uranium mine with a 17-year mine life with excellent economics and
optionality to expand to accommodate future 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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. END PDIFIFSESRIVFISRecent news on Aura Energy
See all newsREG - Aura Energy Limited - Quarterly Report for the period ending 31 March 24
AnnouncementREG - AIM - AIM Notice - 24/04/2024
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AnnouncementREG - Aura Energy Limited - Issue of Equity
AnnouncementREG - AIM - AIM Notice - 16/04/2024
Announcement