Successful Share Purchase Plan Completed-AURA ENERGY LIMITED

Successful Share Purchase Plan Completed-AURA ENERGY LIMITED

Successful Share Purchase Plan Completed

Aura Energy Limited (ASX: AEE, AIM: AURA) ("Aura" or "the Company") is pleased to advise that the Company's Share Purchase Plan ("SPP") announced on 3 May 2023 raised $670,495.

The total raised between the SPP, and the placement announced on 3 May 2023 is $10.7 million. A total of 3,624,271 ordinary shares will be issued today to SPP participants pursuant to ASX Listing Rule 7.2 Exception 5.

Aura Managing Director and CEO, David Woodall thanked Shareholders who participated in the SPP which will support the continued growth of the Company.

"The successful completion of the capital raise and SPP puts Aura in a great position to deliver on our strategy. Our target is to be development ready with the completion of the Front-End-Engineering Design (FEED), the receipt of the uranium export permit, additional offtake agreements and the progression of financing in 2023 to maximise value to our shareholders. This timeline is aligned with the continual improvement of the uranium market, with spot prices recently passing US$57 per pound U3O8."

"Our strategy remains focused on continuing to develop our flagship Tiris Project in Mauritania to meet this rising demand and corresponding rising price for uranium. We believe this demand is sustainable and necessary to meet global decarbonisation targets."

Related Party Transaction

The participation of David Woodall (Managing Director & CEO), Philip Mitchell (Non-Executive Chairman) and Bryan Dixon (Non-Executive Director) (together the "Related Parties") in the Share Purchase Plan (the "SPP") constitutes a related party transaction in accordance with AIM Rule 13. Patrick Mutz and Warren Mundine (both Non-Executive Directors), who did not participate in the SPP and are therefore independent directors for these purposes, consider, having consulted with the Company's Nominated Adviser, the terms of the Related Parties participation in the SPP to fair and reasonable insofar as the Company's shareholders are concerned.

The following table sets out the Directors' shareholdings and percentage interests in the issued share capital of the Company following completion of the SPP.

Holding prior to the announcement of SPP

Number of Ordinary Shares acquired through SPP

Immediately following Admission of the SPP

Number of Ordinary Shares

% of issued share capital

Number of Ordinary Shares

Number of Ordinary Shares

% of issued share capital

David Woodall

16,000,000

2.61%

162,162

16,162,162

2.62%

Philip Mitchell

10,037,404

1.64%

162,162

10,199,566

1.65%

Bryan Dixon

3,000,000

0.49%

108,108

3,108,108

0.50%

 

Application will be made for  3,624,271 ordinary shares ("Share Purchase Plan Shares") to be admitted to trading on AIM ("Admission"). It is expected the Admission will become effective on or around 26 June 2023.

Total Voting Rights

Following the issue of the 3,624,271  Share Purchase Plan Shares, the total issued share capital of the Company will consist of 616,484,204 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 Admission will be 616,484,204  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.

Market Abuse Regulation (MAR) Disclosure

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 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ('MAR'). Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.

Authorised for lodgement by the Board of Aura Energy

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