REG - Aura Energy Limited - Placement and Share Purchase Plan Timing - Update

Aura EnergyAnnouncement

15/04/2024 09:15

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RNS Number : 6104K  Aura Energy Limited  15 April 2024

 
                                                                                                15 APRIL 2024

 

 Update to Placement and Share Purchase Plan Timing

 Not for release to US wire services or distribution in the United States

Aura Energy Limited (ASX: AEE, AIM: AURA) ("Aura" or "the Company") provides
an update in respect of the placement and share purchase plan ("SPP")
previously announced on 18 March 2024.

The Company has received an additional request from Mr Philip Mitchell, a
director of the Company ("Director") who seeks to invest in the placement, to
raise an additional $30,000 (subject to shareholder approval). The revised
structure of the placement will be detailed in the Company's notice of
meeting, to be dispatched to shareholders on or around Friday, 19 April 2024.

Other than the additional Director participation, the terms of the placement
and SPP will remain unchanged.

Together with the SPP, the Company seeks to raise up to approximately $18.2
million (before costs) under its capital raising. Funds raised will 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.

Indicative Timetable

The Company wishes to advise that the indicative timetable for the placement
and SPP has been updated as follows:

 Event                                                                           Date
 Lodgement of Prospectus for SPP and Placement Options                           Tuesday, 23 April 2024
 SPP Opening Date                                                                Tuesday, 23 April 2024
 General Meeting to approve (amongst other matters) the issue of the Shares and  Tuesday, 21 May 2024
 Options under the Tranche 2 Placement, SPP Shares and SPP Options
 SPP Closing Date                                                                5:00pm (AEST) on Thursday, 23 May 2024
 Announcement of SPP Offer results (conditional upon Shareholder approval at     Thursday, 30 May 2024
 the General Meeting)
 Issue of Shares under the Tranche 2 Placement, Options under the Placement,     Thursday, 30 May 2024
 SPP Shares and SPP Options (to the extent approved at the General Meeting)
 Official Quotation of SPP Shares on ASX                                         Thursday, 30 May 2024
 Admission of SPP Shares and Shares under the Tranche 2 Placement on AIM         Thursday, 30 May 2024
 Subject to satisfying ASX requirements, Official Quotation of SPP Options and   Thursday, 30 May 2024
 Placement Options offered under the Prospectus (noting the SPP Options and
 Placement Options are not being admitted to trading on AIM)

Note: This timetable is indicative only and is subject to change at the
Company's discretion. The commencement of trading and quotation of Placement
Shares, Placement Options, SPP Shares and SPP Options is subject to
confirmation from the ASX and AIM (as applicable). Subject to the requirements
of the Corporations Act 2001 (Cth), the ASX Listing Rules and other applicable
rules, the Company reserves the right to amend this timetable at any time,
without notice.

ENDS

This announcement is authorised for release by the Board of Aura Energy
Limited.

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").

For further information, please contact:

 Andrew Grove                                   Paul Ryan                                                  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)   p.ryan@morrowsodali.com (mailto:p.ryan@morrowsodali.com)   Kasia Brzozowska

 +61 414 011 383                                +61 409 296 511                                            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 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.

 

Disclaimer Regarding Forward-Looking Statements

This ASX announcement (Announcement) contains various forward-looking
statements. All statements other than statements of historical fact are
forward-looking statements. Forward-looking statements are inherently subject
to uncertainties in that they may be affected by a variety of known and
unknown risks, variables and factors which could cause actual values or
results, performance or achievements to differ materially from the
expectations described in such forward-looking statements. The Company does
not give any assurance or guarantee that the anticipated
results, performance or achievements expressed or implied in those
forward-looking statements will be achieved.

 

 

Not an offer of securities

This announcement has been prepared for publication in Australia and may not
be released to US wire services or distributed in the United States. This
announcement does not constitute an offer to sell, or a solicitation of an
offer to buy, securities in the United States or any other jurisdiction. Any
securities described in this announcement have not been, and will not be,
registered under the US Securities Act of 1933 and may not be offered or sold
in the United States except in transactions exempt from, or not subject to,
the registration requirements of the US Securities Act and applicable US state
securities laws.

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