Last checked at 26 Sep 2019 07:00
AURA ENERGY LIMITED
("Aura" or the "Company")
Issue of Shares
Aura wishes to inform the market that on 25 September 2019 the Company issued the following ordinary shares:
Met Forages sarl on settlement of drilling charges pursuant to a
Drilling Settlement Agreement 18,811,250
Lind Global Macro Fund LP on conversion of convertible notes into
fully paid ordinary shares 16,666,667
WH Ireland Limited for services as Nominated Adviser and Broker 2,021,250
Total number of ordinary shares on issue 1,300,904,841
Ordinary shares held in Treasury Nil
Expected Admission date 1 October 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.
The issue of shares referred to above relates to the third Conversion Notice received from Lind to convert A$100,000 (the maximum monthly convertible amount) of convertible notes into fully paid ordinary shares.
Settlement of drilling charges
On 8 August 2019, the Company executed a Drilling Settlement Agreement with Met Forages sarl to undertake a water drilling campaign at the Tiris uranium project. Under the terms and conditions of the Agreement the Company has the right to settle drilling charges (other than mobilisation and fuel) by way of the issue of fully paid ordinary shares.
Nominated adviser fees
The Company and WH Ireland Limited agreed to terms for the latter to become a Joint Broker of the Company with effect from 23 September 2019 and agreed for part of the cash fee due for services provided from June 2019 to August 2019 as Nominated Adviser to be settled by way of the issue of fully paid ordinary shares.
Total shares on issue
The total number of ordinary shares in issue following the issue and Admission of the above Placement Shares will be 1,300,904,841 ordinary shares with voting rights. 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:
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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.