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Aura Energy Limited announced that Philip Mitchell, its Non-Executive Chairman, purchased ordinary shares. On January 6, 2023, Mr. Mitchell acquired 404 ordinary shares at A$0.245 per share. Following this transaction, his total holding in the Company is 10,000,404 shares, representing 1.80% of the issued share capital.
| Date | 12 Jan 2023 |
| Time | 07:24:11 |
| Category | Director/PDMR dealings |
| ID | 5141M |
Aura Energy Limited("Aura" or the "Company")
Director Dealing |
Aura Energy Limited (ASX:AEE, AIM:AURA) ("Aura", the "Company") a company focused on the development of the 85% owned Tiris Uranium Project, Mauritania, advises that Philip Mitchell, Non-Executive Chairman of the Company, has purchased 404 ordinary shares in the Company at a price of A$0.245 per share ("Shares").
Following completion of the Share purchase, Phil Mitchell holds 10,000,404 Shares in the Company which represents 1.80 per cent. of the issued share capital and total voting rights of the Company.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.
For Further Information, please contact:
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David Woodall Managing Director and CEO Aura Energy Limited
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Paul Ryan Citadel-MAGNUS Investor & Media Relations +61 409 296 511
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SP Angel Corporate Finance LLP (Nominated Advisor and Joint Broker) David Hignell Kasia Brzozowska +44 (0) 203 470 0470
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WH Ireland Limited (Joint Broker) Jessica Cave Andrew de Andrade +44 (0) 207 220 1666
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About Aura Energy (ASX:AEE, AIM:AURA) |
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Aura Energy is an Australian-based minerals company with major uranium and polymetallic projects with large resources in Africa and Europe. The Company is principally focused on initial uranium production at its Tiris Uranium Project, an evolving major greenfields uranium discovery in Mauritania, with Aura announcing a Resource Upgrade in August 2021, bringing the total JORC Resource to 56 Mlbs (at a 100 ppm U3O8 lower cut-off grade). Aura also completed a 2021 capital estimate update for the Tiris Definitive Feasibility Study, to reflect current global pricing, reconfirming Tiris as one of the lowest capex, lowest operating cost uranium projects slated for development. In October 2021, the Company entered a US$10m Offtake Financing Agreement with Curzon, which includes an additional up to US$10m facility, bringing the maximum available under the agreement to US$20m. In 2022, Aura will continue to transition from an advanced uranium explorer to uranium producer, to capitalise on the growing appetite for nuclear power as a critical, baseload, near-zero-carbon energy source to help drive the global shift towards decarbonising energy generation.
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NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
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Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name: |
Philip Mitchell |
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2. |
Reason for the notification |
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a) |
Position/status: |
Non-Executive Chairman |
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b) |
Initial notification/Amendment: |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name: |
Aura Energy Limited |
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b) |
LEI: |
5493003D06RIWBKIKA27 |
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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 |
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a) |
Description of the financial instrument, type of instrument: Identification code:
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shares of no par value each AU000000AEE7
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b) |
Nature of the transaction: |
Purchase of shares |
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c) |
Price(s) and volume(s): |
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d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above
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e) |
Date of the transaction: |
6 January 2023 |
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f) |
Place of the transaction: |
Outside a trading venue |
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