REG - Aura Energy Limited - Update on Claim with Swedish Government

Aura EnergyAnnouncement

16/01/2020 07:00

RNS Number : 9406Z
Aura Energy Limited
16 January 2020
 



 
AURA ENERGY LIMITED
("Aura" or the "Company")
 
Update on Aura Energy Compensation Claim with Swedish Government
 

 
Aura Energy Limited (AEE; ASX, AURA; AIM) has been advised that further to the Company's announcement on 8 November 2019, official notification has now been released by the Swedish Government regarding Aura Energy's claim under the Energy Charter Treaty.
 
The notification indicates that Chancellor of Justice is now handling the case.
 
Aura has further been advised that;
 
·    The Ministry of Environment initially had carriage of the claim
·    The claim was recently listed as an agenda item in the Swedish Parliamentary Cabinet
·    The agenda item stated "Assignment to the Chancellor of Justice to guard the state's right because of claims against the state"
·    The Environment Ministry confirmed the claim being referred to was Aura Energy
 
Uranium mining in Sweden was banned effective August 1, 2018 and Aura Energy is seeking compensation for the financial loss resulting from this decision.
 
Aura is pleased with this latest development indicating the case is progressing strongly and that it has been presented at the highest level of government.
 
Link to ECT: https://energycharter.org/
 
For more information please visit www.auraenergy.com.au or contact the following:
 
 






Aura Energy Limited
Peter Reeve (Executive Chairman)




SP Angel Corporate Finance LLP
(Nominated Advisor and Joint Broker)
Ewan Leggat
Caroline Rowe
 
WH Ireland Limited
(Joint Broker)
Adrian Hadden
James Sinclair-Ford
 
 




Yellow Jersey PR Limited
Felicity Winkles
Joe Burgess









Telephone: +61 (3) 9516 6500
info@auraenergy.com.au




Telephone: +44 (0) 203 470 0470
 
 
 
 
 
Telephone: +44 (0) 207 220 1666
 
 
 
 




 
Telephone: +44 (0) 7769 325 254







 
The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.
 
 




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
UPDGPUQPGUPUGQA