25 March 2024
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Completion of Tranche 1
Placement Shares and Cleansing Notice
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Aura Energy Limited (ASX: AEE, AIM: AURA) ("Aura" or the "Company") hereby gives notice that on
25 March 2024 it completed the issue of the first tranche of Aura
fully paid ordinary shares ("Shares") of the $16.2 million placement
previously announced on 18 March 2024. The first tranche consisted
of raising approximately $16.1 million before costs via the
placement of 89,668,896 Shares at $0.30 per Share to new and
existing institutional and sophisticated investors. The Shares were
issued using the Company's existing placement capacity available
under ASX Listing Rules 7.1 and 7.1A.
Please refer to the Company's
announcements dated 18 March 2024 and Appendix 2A dated 25 March
2024 which contain further details regarding the capital
raising.
Completion of the balance of the
capital raising is subject to shareholder approval at a shareholder
meeting to be convened shortly.
Notice pursuant to Section 708A(5)(e) of the Corporations Act
2001
The Company gives notice pursuant to
section 708A(5)(e) of the Corporations Act 2001 (Cth)
("Corporations Act")
that:
1. on 25 March 2024 the
Company issued 89,668,896 Shares in respect of a
placement;
2. the Company issued those
Shares without disclosure to investors under Part 6D.2 of the
Corporations Act;
3. the Company is providing
this notice under section 708A(5)(e) of the Corporations
Act;
4. as at the date of this
notice, the Company has complied with:
a. the provisions of Chapter
2M of the Corporations Act as they apply to the Company;
and
b. sections 674 and 674A of
the Corporations Act; and
5. as at the date of this
notice, there is no "excluded information" within the meaning of
sections 708A(7) and 708A(8) of the Corporations Act which is
required to be disclosed by the Company.
ENDS
The Managing Director & CEO of
Aura Energy Ltd has approved this announcement.
For
further information, please contact:
|
Andrew Grove
Managing Director and CEO
Aura Energy Limited
agrove@auraee.com
+61 414 011 383
|
Paul
Ryan
Citadel-MAGNUS
Investor & Media
Relations
pryan@citadelmagnus.com
+61 409 296 511
|
SP
Angel Corporate Finance LLP
Nominated Advisor and
Broker
David Hignell
Kasia Brzozowska
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 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.
