Aura Egy Regulatory News (AURA)

Further to the A$350,000 Follow-on Convertible Security Funding, Aura wishes to inform the market that on 18 November 2019 the Company issued the following ordinary shares:

Collateral Shares issued pursuant to Convertible Security Funding

 Agreement between the Company and Lind Global Macro Fund LP 8,750,000

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Total number of ordinary shares on issue 1,323,940,556

Ordinary shares held in Treasury Nil

Expected Admission date 25 November 2019

Background

On 30 April 2019, the Company and Lind Global Macro Fund LP ("Lind") executed a Convertible Security Funding Agreement (the "Agreement") with the Company receiving proceeds of A$2,000,000 (before costs) for convertible notes with a face value of $2,400,000 repayable in 26 months.

Under the terms and conditions of the Agreement, the Company issued 50,000,000 collateral shares and 62,500,000 options over ordinary shares to Lind at an exercise price of 1.6 cents per option and the options having an expiry date of 30 April 2022.

On 18 November 2019, the Company and Lind executed a deed of variation with the Company receiving proceeds of A$350,000 (before costs) for convertible notes with a face value of A$420,000 (the "Deed of Variation")

Under the terms and conditions of the Deed of Variation, the Company issued 8,750,000 collateral shares and 20,000,000 options over ordinary shares to Lind at an exercise price of 130% of the average of the 20 daily volume-weighted average prices of the ordinary shares for the 20 trading days immediately prior to the date of execution of the Deed of Variation and the options having an expiry date of 18 November 2022.

As at 18 November 2019, Lind has converted A$400,000 in convertible notes into fully paid ordinary shares with the Company issuing 56,349,209 fully paid ordinary shares.

The Lind Partners LLC, as the Manager for the Australian Special Opportunity Fund and Lind Global Macro Fund LP, presently holds a total of 66,440,989 fully paid shares in the Company of which 58,750,000 are Collateral Shares.

The total number of ordinary shares on issue following the issue and Admission of the above Placement Shares will be 1,323,940,556 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:

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.