TIDMAURA
RNS Number : 4991P
Aura Energy Limited
19 October 2021
19 October 2021
Loyalty Options Entitlement Offer
KEY POINTS:
-- As announced on 1 April 2021, Aura Energy will offer a
non-renounceable pro-rata offer to eligible shareholders of one (1)
listed option for every three (3) ordinary shares held following
the recent reinstatement of its securities to the Official List of
the ASX.
-- This offer will only be available to Australian and New Zealand registered shareholders.
-- Stage 2 exploration continues at Tiris, with the results from
the opportunity review, vanadium assaying, water drilling and net
zero emission study to be announced during this quarter.
Aura Energy Limited (AEE:ASX, AIM:AURA) ("Aura", the "Company")
is pleased to announce a non-renounceable pro-rata offer to
Eligible Shareholders of one (1) Listed Option (exercisable at
$0.052 each and with an expiry of 30 June 2024) ("Listed Option")
for every three (3) Shares held on the Record Date of 22 October
2021, at an issue price of $0.015 to raise up to $2,030,399 before
costs ("Entitlement Offer").
This Entitlement Offer was foreshadowed in conjunction with the
successful rights issue announced on 1 April 2021, and is fully
underwritten by KTM Capital. The funds raised through the
Entitlement Offer will be used for exploration, mining working
capital and production commencement.
As previously advised, this offer is only available to
Australian and New Zealand registered shareholders. Full details of
the Entitlement Offer are contained in the Prospectus and
associated shareholder letters which can be seen here:
Prospectus -
http://www.rns-pdf.londonstockexchange.com/rns/4991P_1-2021-10-19.pdf
Full RNS -
http://www.rns-pdf.londonstockexchange.com/rns/4991P_2-2021-10-19.pdf
Eligible shareholders letter -
http://www.rns-pdf.londonstockexchange.com/rns/4991P_3-2021-10-19.pdf
Ineligble shareholders letter -
http://www.rns-pdf.londonstockexchange.com/rns/4991P_4-2021-10-19.pdf
Option holders letter -
http://www.rns-pdf.londonstockexchange.com/rns/4991P_5-2021-10-19.pdf
Appendix 3B -
http://www.rns-pdf.londonstockexchange.com/rns/4991P_6-2021-10-19.pdf
Aura Energy Managing Director & CEO, Peter Reeve, commented
: "The funds raised through the Entitlement Offer will also assist
in financing Stage 2 exploration which is continuing at Tiris.
Water drilling is ongoing with excellent flow rates being
achieved[1], and we are also awaiting the outcomes from the
opportunity review and vanadium assaying, which has the potential
to further lower the cash cost of the project. We also look forward
to announcing the results from the net zero emission study in due
course."
The timetable for the Loyalty Options Rights Issue is below:
Event Date[2]
Announcement of Offer, Release of Prospectus 19 October 2021
and Appendix 3B
----------------
Ex-date for the Offer 21 October 2021
----------------
Record Date (date for determining Eligible 22 October 2021
Shareholders to participate in the Offer)
----------------
Opening Date - Prospectus and personalised 27 October 2021
Entitlement and Acceptance Forms sent to Shareholders
----------------
Last day to extend the Offer Closing Date 3 November 2021
----------------
Closing Date for the Offer (closes at 5:00 8 November 2021
pm Melbourne time)
----------------
Options quoted on a deferred settlement basis 9 November 2021
----------------
Announcement of results of Offer 11 November
2021
----------------
Issue date for options and lodgement of Appendix 15 November
2A with ASX applying for quotation of the securities 2021
----------------
Quotation of options under the Offer 16 November
2021
----------------
As detailed in the Prospectus, the funds raised under the
Entitlement Offer are planned to be used in accordance with the
table set out below:
Planned Use of Funds Amount
Tiris Project $1,200,000
----------
Corporate costs (including capital raising cost) $217,000
----------
Working capital $613,399
----------
Total Use of Funds $2,030,399
----------
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has
been incorporated into UK law by the European Union (Withdrawal)
Act 2018. Upon the publication of this announcement via Regulatory
Information Service ('RIS'), this inside information is now
considered to be in the public domain.
This ASX Release was authorised by the Aura Energy Board of
Directors.
For Further Information, please contact:
Peter Reeve Jane Morgan
Managing Director & CEO JMM
Aura Energy Limited Investor & Media Relations
preeve@auraee.com jm@janemorganmanagement.com.au
+61 405 555 618
SP Angel Corporate Finance LLP WH Ireland Limited
(Nominated Advisor and Joint (Joint Broker)
Broker) Adrian Hadden
Ewan Leggat Andrew de Andrade
Caroline Rowe +44 (0) 207 220 1666
+44 (0) 203 470 0470
About Aura Energy (ASX:AEE, AIM:AURA)
Aura Energy is an Australian based minerals company that has
major polymetallic and uranium projects with large resources in
Europe and Africa. The company has rapidly grown by acquiring new
projects in areas with known polymetallic and uranium occurrences
including Sweden and greenfield projects in Mauritania
The Company is now focused on the Tiris Uranium Project, a major
greenfields uranium discovery in Mauritania, with 49 Mlb U(3) 0(8)
in current resources from 66 million tonnes @ 334 ppm U(3) 0(8)
.
[1] Tiris Field Activities Update, 20 September 2021
[2] Melbourne time, UTC +11
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