Aura Energy Limited Issue of Shares (5039F)

TIDMAURA

RNS Number : 5039F

Aura Energy Limited

15 July 2019

AURA ENERGY LIMITED

("Aura" or the "Company")

Issue of Shares

Aura wishes to inform the market that on 12 July 2019 the Company issued the following ordinary shares:

Lind Global Macro Fund LP on conversion of convertible notes into

fully paid ordinary shares 11,111,111

Shareholders of Nomads Mining Company Sarl on execution of the

Farm-in and Joint Venture Agreement 3,251,773

SD Capital Advisory Limited/GKB Ventures Limited for provision of

financing advisory services 1,893,233

Management of the Company for the conversion of performance

shares into fully paid ordinary shares 5,000,000

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21,256,117

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Total number of ordinary shares on issue 1,245,147,460

Ordinary shares held in Treasury Nil

Expected Admission date 22 July 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.

Lind has submitted to the Company a Conversion Notice to convert A$100,000 (the maximum monthly convertible amount) of convertible notes into ordinary shares at 0.9 cents per ordinary share.

Shareholders of Nomads Mining Company sarl

The Company executed on 26 June 2019 a Farm-in and Joint Venture Agreement with Nomads Mining Company sarl and the shareholders of Nomads Mining Company sarl. Under the terms and conditions of the Farm-in and Joint Venture Agreement, the Company agreed to pay the shareholders of Nomads US$25,000 in cash and US$25,000 in ordinary shares on execution of the agreement.

The shares were issued to the shareholders of Nomads at 1.111 Australian cents per share.

SD Capital Advisory/GKB Ventures limited Engagement Letter

On 25 January 2019, the Company executed a Letter of Engagement with SD Capital Advisory Limited and GKB Ventures Limited (collectively "S&G") as joint finance advisors to arrange funding for both the Tiris uranium project in Mauritania and the Häggån vanadium project in Sweden. The issue of shares referred to above represents a retainer payable for June 2019. The 20-day VWAP price immediately preceding the 25 June 2019 for the issue of shares to S&G was 1.139 Australian cents per share.

Conversion by management of performance shares into fully paid ordinary shares

On 17 June 2018, management (officers of the Company who are not directors) of the Company were awarded 15,000,000 performance shares in the Company convertible in three equal tranches on 17 June 2019, 17 June 2020 and 17 June 2021 into ordinary shares.

The senior officers converted the first tranche of the convertible notes and under AASB 2 Share-based payments were valued at 2.1 cents per share at date of the award of the performance shares.

Total shares on issue

The total number of ordinary shares on issue following the issue and Admission of the above Placement Shares will be 1,245,147,460 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:

 
Aura Energy Limited                     Telephone: [phone] 
  Peter Reeve (Executive Chairman)        [e-mail] 
 WH Ireland Limited                      Telephone: [phone] 
  (Nominated Adviser and Joint Broker)    1666 
  Adrian Hadden 
  James Sinclair-Ford 
 
  SP Angel Corporate Finance LLP 
  (Joint Broker)                          Telephone: [phone] 
  Ewan Leggat                             0470 
  Jamie Spotswood 
                                          Telephone: [phone] 
  Yellow Jersey PR Limited                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 [e-mail] or visit www.rns.com.

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July 15, 2019 03:12 ET (07:12 GMT)