Last checked at 9 Apr 2021 08:39
AURA ENERGY LIMITED
("Aura" or the "Company")
Issue of Equity and Options
Aura wishes to inform the market that the Company has issued the following ordinary shares of no par value each, and options over ordinary shares of the Company ("Options"), following the passing of the resolutions at its Annual General Meeting held on 17 March 2021:
Issue of shares:
1. 11,923,076 shares to Lind Global Macro Fund LP to extinguish the liability of A$310,000 under the Replacement Convertible Note and the Follow-on Replacement Convertible Note as executed on 18 November 2019;
2. 2,667,307 shares to Robert Beeson, previous non-executive director of the Company, to extinguish outstanding remuneration;
3. 2,667,307 shares to Julian Perkins, previous non-executive director of the Company, to extinguish outstanding remuneration, of this amount 1,333,654 has been acquired by CFO Solutions Pty Ltd for A$0.026 and subject to escrow as per the Notice of Meeting;
4. 1,825,000 shares to John L Bennett previous non-executive director of the Company, to extinguish outstanding remuneration;
5. 1,227,307 shares to Robert Craigie, previous non-executive director of the Company, to extinguish outstanding remuneration, of this amount 613,653 has been acquired by CFO Solutions Pty Ltd for A$0.026 and subject to escrow as per the Notice of Meeting;
6. 650,769 shares to Brett Fraser, previous non-executive director of the Company, to extinguish outstanding remuneration;
7. 3,846,153 shares to PD Reeve, previously Executive Chairman of the Company and now Managing Director and CEO of the Company, to partly extinguish outstanding remuneration;
8. 3,846,153 shares for cash proceeds of A$100,000 to Martin Rogers, recently appointed Non-Executive Chairman of the Company
9. 1,923,077 shares for cash proceeds of A$50,000 to Peter Ward, recently appointed Non-Executive Director of the Company
10. A total of 25,000,000 shares to various sophisticated and professional investors for cash proceeds of A$650,000
11. 5,384,614 shares to ASEAN, Sartingen and Pre-Emptive Trading Pty Ltd (PET) in settlement of litigation. A further 384,616 shares are yet to be issued.
12. 3,461,538 shares to CFO Solutions Pty Ltd, for the provision of accounting, ASX compliance and company secretary services plus an additional 1,947,307 shares acquired for cash at A$0.026 and subject to escrow as noted above.
Total number of shares issued ("Shares"): 64,422,301
Issue of Options:
1. 15,384,615 options to Martin Rogers, recently appointed Non-Executive Chairman of the Company, exerciseable at A$0.052 per option, on or before 30 June 2024.
2. 5,769,230 options to Peter Ward, recently appointed Non-Executive Director of the Company, exerciseable at A$0.052 per option, on or before 30 June 2024.
3. 5,384,614 options to ASEAN, Sartingen and Pre-Emptive Trading Pty Ltd (PET) in settlement of litigation, exercisable at A$0.052 each, on or before 30 June 2024 and of this amount. A further 384,616 shares are yet to be issued.
4. 3,846,153 options to L1 Capital Global Opportunities Master Fund as part of the convertible securities agreement, at an exercise price of A$0.052 each, on or before 17 March 2024.
A further 5,977,563 options to various sophisticated and professional investors, each exercisable at A$0.104, on or before 2 years from the date of issue, being 31 March 2023 are yet to be issued.
A further announcement on the options and shares yet to be issued will be made in due course.
Further details concerning the issue of shares and Options is set out in the Company's announcement of 15 February 2021 and the circular published by the Company on 12 February 2021, which can be viewed at the following link:
http://www.rns-pdf.londonstockexchange.com/rns/9671U_1-2021-4-9.pdf
Director holdings
Following the transactions listed above, Martin Rogers, Non-Executive Chairman, will hold 3,846,153 shares representing 1.47 per cent. of the Company, and 15,384,615 options in the Company. The options will be exercisable at A$0.052 each, on or before 30 June 2024.
Peter Ward, Non-Executive Director, will hold 2,153,846 shares representing 0.82 per cent. of the Company, and 5,769,230 options in the Company. The options will be exercisable at A$0.052 each, on or before 30 June 2024.
Peter Reeve, CEO and Managing Director, will hold 7,524,026 shares representing 2.88 per cent. of the Company.
Admission to Trading on AIM and Total Voting Rights
Application will be made for the Shares, which will rank pari passu with the existing shares, to be admitted to trading on AIM and the ASX ("Admission"). It is expected that Admission will become effective and dealings will commence at 8:00a.m BST on or around 15 April 2021.
Following the issue of the Shares, the issued share capital of the Company will consist of 261,155,036 Shares. No shares were held in treasury at the date of this announcement. The total current voting rights in the Company are therefore 261,155,036.
The above total current voting rights number is the figure which may be used by shareholders as the denominator for the calculation by which they will determine if 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.
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The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHAR0GING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||||||||||||||||||||||||||||
a) | Name: | A: Martin Rogers B: Peter Ward C: Peter Reeve D: CFO Solutions Pty Ltd | ||||||||||||||||||||||||||||||
2. | Reason for the notification | |||||||||||||||||||||||||||||||
a) | Position/status: | A: Non-Executive Chairman B: Non-Executive Director C: CEO/Managing Director D: Company Secretary | ||||||||||||||||||||||||||||||
b) | Initial notification/Amendment: | Initial notification | ||||||||||||||||||||||||||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||||||||||||||||||||||||
a) | Name: | Aura Energy Limited | ||||||||||||||||||||||||||||||
b) | LEI: | 5493003D06RIWBKIKA27 | ||||||||||||||||||||||||||||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||||||||||||||||||||||||||
a) | Description of the financial instrument, type of instrument: Identification code: | shares of no par value each AU000000AEE7 | ||||||||||||||||||||||||||||||
b) | Nature of the transaction: | Issue of shares and options | ||||||||||||||||||||||||||||||
c) | Price(s) and volume(s): | A: Martin Rogers Issue of shares:
Issue of options:
B: Peter Ward Issue of shares:
Issue of options:
C: Peter Reeve Issue of shares:
D: CFO Solutions Pty Ltd Issue of shares:
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d) | Aggregated information: Aggregated volume: Price: | Issue of shares and options as above
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e) | Date of the transaction: | 9 April 2021 | ||||||||||||||||||||||||||||||
f) | Place of the transaction: | Outside a trading venue | ||||||||||||||||||||||||||||||