15 APRIL 2024
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Update to Placement and Share
Purchase Plan Timing
Not for release to US wire
services or distribution in the United States
|
|
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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:
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Event
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Date
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Lodgement of Prospectus for SPP and
Placement Options
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Tuesday,
23 April 2024
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SPP Opening Date
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Tuesday,
23 April 2024
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General Meeting to approve (amongst
other matters) the issue of the Shares and Options under the
Tranche 2 Placement, SPP Shares and SPP Options
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Tuesday,
21 May 2024
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SPP Closing Date
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5:00pm
(AEST) on Thursday, 23 May 2024
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Announcement of SPP Offer results
(conditional upon Shareholder approval at the General
Meeting)
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Thursday,
30 May 2024
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Issue of Shares under the Tranche 2
Placement, Options under the Placement, SPP Shares and SPP Options
(to the extent approved at the General Meeting)
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Thursday,
30 May 2024
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Official Quotation of SPP Shares on
ASX
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Thursday,
30 May 2024
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Admission of SPP Shares and Shares
under the Tranche 2 Placement on AIM
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Thursday,
30 May 2024
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Subject to satisfying ASX
requirements, Official Quotation of SPP Options and Placement
Options offered under the Prospectus (noting the SPP Options and
Placement Options are not being admitted to trading on
AIM)
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Thursday,
30 May 2024
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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
Managing Director and CEO
Aura Energy Limited
agrove@auraee.com
+61 414 011 383
|
Paul
Ryan
Morrow Sodali
Investor & Media
Relations
p.ryan@morrowsodali.com
+61 409 296 511
|
SP
Angel Corporate Finance LLP
Nominated Advisor and
Broker
David Hignell
Kasia Brzozowska
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.
