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Aura Energy Limited cancelled 2,000,000 ordinary shares, valued at A$0.25 each, held by Neil Clifford, a former director of its subsidiary Archaean Greenstone Gold, on March 5, 2024. These shares were part of 20,000,000 Loan Funded Shares admitted to AIM on July 7, 2022, and were cancelled due to the lapse of conditional rights. Following this cancellation, Aura Energy's total issued share capital is 625,370,646 ordinary shares, with the AIM cancellation expected around March 12, 2024.
| Date | 5 Mar 2024 |
| Time | 11:53:12 |
| Category | Miscellaneous |
| ID | 6534F |
Aura Energy Limited("Aura" or the "Company")
Cancellation of Securities |
Aura Energy Limited (ASX:AEE, AIM:AURA) ("Aura", the "Company") advises that an Appendix 3H (Notification of cessation of securities) has been filed with the Australian Securities Exchange ("ASX") and is available on the Company's website: https://auraenergy.com.au/investor-centre/asx-announcements/
The Company has cancelled 2,000,000 ordinary shares held by Neil Clifford, a former director of Archaean Greenstone Gold, a wholly owned subsidiary of the Company, which were part of the 20,000,000 Loan Funded Shares that were admitted to trading on AIM on 7 July 2022 ("Cancelled Shares"), due to lapse of conditional right to securities because the conditions have not been, or have become incapable of being satisfied.
Application will be made for the 2,000,000 Cancelled Shares to be cancelled from trading on AIM ("Cancellation"). It is expected that Cancellation will become effective on or around 12 March 2024.
Total Voting Rights
Following the cancellation of 2,000,000 Cancelled Shares, the total issued share capital of the Company will consist of 625,370,646 ordinary shares of no par value each ("Ordinary Shares"). The Company does not hold any Ordinary Shares in Treasury. Therefore, the total current voting rights in the Company following cancellation will be 625,370,646 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
For Further Information, please contact:
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Andrew Grove 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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About Aura Energy (ASX:AEE, AIM:AURA) |
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Aura Energy is an Australian-based minerals company that has major uranium and polymetallic projects with large resources in Africa and Europe. The Company is now focused on uranium production from the Tiris Project, a major greenfield uranium discovery in Mauritania.
A recent Enhanced Feasibility Study has increased the project NPV significantly which reconfirms Tiris as one of the lowest capex, lowest operating cost uranium projects that remain undeveloped in the world.
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 2023, Aura will continue to transition from a uranium explorer to a uranium producer, to capitalise on the rapidly growing demand for nuclear power as the world continues to shift towards a decarbonised energy sector.
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1. |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name: |
Neil Clifford |
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2. |
Reason for the notification |
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a) |
Position/status: |
Former Director of 100% owned subsidiary, Archaean Greenstone Gold Pty Ltd |
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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: |
shares of no par value each AU000000AEE7 |
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b) |
Nature of the transaction: |
Cancellation of Loan Funded Option Shares (as part of Loan Funded Equity Scheme) |
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c) |
Price(s) and volume(s): |
Neil Clifford
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d) |
Aggregated information: Aggregated volume: Price: |
Cancellation of Loan Funded Option Shares as above 2,000,000 A$0.25 |
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e) |
Date of the transaction: |
5 March 2024 |
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f) |
Place of the transaction: |
Outside a trading venue |
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