Aura Energy Limited Aura secures Follow-On Convertible Note (6578T)
November 18 2019 - 1:00AM
UK Regulatory
TIDMAURA
RNS Number : 6578T
Aura Energy Limited
18 November 2019
18 November 2019
AURA ENERGY LIMITED
("Aura" or the "Company")
Aura secures Follow-On Convertible Note from Lind Global Macro
Fund LP
Aura Energy Limited (AEE; ASX, AURA; AIM) is pleased to announce
that it has entered into a deed of variation with Lind Global Macro
Fund LP to modify the convertible loan note agreement dated 30
April 2019 in order to secure an advance of A$350,000 pursuant to a
convertible note with a face value of A$420,000 ("Follow-On
Convertible Security Note").
Details of the Follow-On Convertible Security note are set out
in a Cleansing Notice which has been released on the Australian
Securities Exchange pursuant to s.708A(C12)(e) of the Corporations
Act 2001 (Commonwealth) and an accompanying Appendix 3B.
It can also be accessed via the following PDF link:
http://www.rns-pdf.londonstockexchange.com/rns/6578T_1-2019-11-17.pdf
With the Company having implemented a significant cost cutting
programme the monies raised will provide the Company will working
capital as the Company continues to advance corporate opportunities
around its exploration and development assets.
The various initiatives which remain underway include;
-- Discussions for investment into Aura's gold assets
-- Continuation of the Export Credit Agency finance process for Tiris development funding
-- Further optimisation of the Häggån Scoping Study before final release
-- Progression of the compensation claim from the Swedish
Government for the Häggån Uranium Project
The Company appreciates the continuing finance support shown by
Lind and remains confident of progress on these various
initiatives.
For more information please visit www.auraenergy.com.au or
contact the following:
Aura Energy Limited Telephone: +61 (3)
Peter Reeve (Executive 9516 6500
Chairman) info@auraenergy.com.au
SP Angel Corporate Telephone: +44 (0)
Finance LLP 203 470 0470
(Nominated Advisor
and Joint Broker)
Ewan Leggat
Caroline Rowe
------------------------
WH Ireland Limited Telephone: +44 (0)
(Joint Broker) 207 220 1666
Adrian Hadden
James Sinclair-Ford
------------------------
Yellow Jersey PR Telephone: +44 (0)
Limited 7769 325 254
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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