REG - Aura Energy Limited - Cancellation of Securities

Aura EnergyAnnouncement

02/07/2024 12:00

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RNS Number : 8218U  Aura Energy Limited  02 July 2024

                                                                                                             2 July 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 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").

 

 Andrew Grove                                   Russell Quinn                                               SP Angel Corporate Finance LLP

 Managing Director and CEO                      Morrow Sodali                                               Nominated Advisor and Broker

 Aura Energy Limited                            Investor & Media Relations                                  David Hignell

 agrove@auraee.com (mailto:Agrove@auraee.com)   r.quinn@morrowsodali.com (mailto:p.ryan@morrowsodali.com)   Kasia Brzozowska

 +61 414 011 383                                +61 403 322 097                                             Grant Barker

                                                                                                            +44 203 470 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) 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 U(3)O(8).

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.

 

 

 1.    Details of the person discharging managerial responsibilities/person closely
       associated
 a)    Name:                                                         Dave Woodall
 2.    Reason for the notification
 a)    Position/status:                                              Former Director of Aura Energy
 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):                                       Price(s)  Volume(s)
                                                                     A$0.25    16,000,000

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

       Aggregated volume:                                            16,000,000

       Price:                                                        A$0.25
 e)    Date of the transaction:                                      2 July 2024
 f)    Place of the transaction:                                     Outside a trading venue

 

d)

Aggregated information:

Aggregated volume:

Price:

Cancellation of Loan Funded Option Shares as above

16,000,000

A$0.25

e)

Date of the transaction:

2 July 2024

f)

Place of the transaction:

Outside a trading venue

 

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