Aura Energy Limited Issue of Shares (5039F)
July 15 2019 - 2:12AM
UK Regulatory
TIDMAURA
RNS Number : 5039F
Aura Energy Limited
15 July 2019
AURA ENERGY LIMITED
("Aura" or the "Company")
Issue of Shares
Aura wishes to inform the market that on 12 July 2019 the
Company issued the following ordinary shares:
Lind Global Macro Fund LP on conversion of convertible notes
into
fully paid ordinary shares 11,111,111
Shareholders of Nomads Mining Company Sarl on execution of
the
Farm-in and Joint Venture Agreement 3,251,773
SD Capital Advisory Limited/GKB Ventures Limited for provision
of
financing advisory services 1,893,233
Management of the Company for the conversion of performance
shares into fully paid ordinary shares 5,000,000
----------------
21,256,117
----------------
Total number of ordinary shares on issue 1,245,147,460
Ordinary shares held in Treasury Nil
Expected Admission date 22 July 2019
Background
Conversion of convertible notes
On 30 April 2019, the Company executed a Convertible Security
Financing Agreement and a Security Deed with Lind Global Macro Fund
LP for A$2,000,000. Following the expiry of 60 days from the date
of execution, Lind was entitled to convert convertible notes into
ordinary shares in the Company. Under the Agreement, Lind is
entitled to convert its convertible notes into ordinary shares at
90% of the average of 5 daily VWAPs chosen by Lind from the daily
VWAPs for the 20 Trading Days immediately prior to the Conversion
Notice Date.
Lind has submitted to the Company a Conversion Notice to convert
A$100,000 (the maximum monthly convertible amount) of convertible
notes into ordinary shares at 0.9 cents per ordinary share.
Shareholders of Nomads Mining Company sarl
The Company executed on 26 June 2019 a Farm-in and Joint Venture
Agreement with Nomads Mining Company sarl and the shareholders of
Nomads Mining Company sarl. Under the terms and conditions of the
Farm-in and Joint Venture Agreement, the Company agreed to pay the
shareholders of Nomads US$25,000 in cash and US$25,000 in ordinary
shares on execution of the agreement.
The shares were issued to the shareholders of Nomads at 1.111
Australian cents per share.
SD Capital Advisory/GKB Ventures limited Engagement Letter
On 25 January 2019, the Company executed a Letter of Engagement
with SD Capital Advisory Limited and GKB Ventures Limited
(collectively "S&G") as joint finance advisors to arrange
funding for both the Tiris uranium project in Mauritania and the
Häggån vanadium project in Sweden. The issue of shares referred to
above represents a retainer payable for June 2019. The 20-day VWAP
price immediately preceding the 25 June 2019 for the issue of
shares to S&G was 1.139 Australian cents per share.
Conversion by management of performance shares into fully paid
ordinary shares
On 17 June 2018, management (officers of the Company who are not
directors) of the Company were awarded 15,000,000 performance
shares in the Company convertible in three equal tranches on 17
June 2019, 17 June 2020 and 17 June 2021 into ordinary shares.
The senior officers converted the first tranche of the
convertible notes and under AASB 2 Share-based payments were valued
at 2.1 cents per share at date of the award of the performance
shares.
Total shares on issue
The total number of ordinary shares on issue following the issue
and Admission of the above Placement Shares will be 1,245,147,460
ordinary shares. There are no shares held in treasury and,
therefore this figure may be used by shareholders, from the
appropriate time, as the denominator for the calculations by which
they will determine whether they are required to notify their
interest in, or a change to their interest in, the share capital of
the Company under the Financial Conduct Authority's Disclosure
Guidance and Transparency Rules.
For more information please visit www.auraenergy.com.au or
contact the following:
Aura Energy Limited Telephone: +61 (3) 9516 6500
Peter Reeve (Executive Chairman) info@auraenergy.com.au
WH Ireland Limited Telephone: +44 (0) 207 220
(Nominated Adviser and Joint Broker) 1666
Adrian Hadden
James Sinclair-Ford
SP Angel Corporate Finance LLP
(Joint Broker) Telephone: +44 (0) 203 470
Ewan Leggat 0470
Jamie Spotswood
Telephone: +44 (0) 7769 325
Yellow Jersey PR Limited 254
Felicity Winkles
Joe Burgess
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
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