AURA ENERGY LIMITED
("Aura" or the "Company")
Issue of Equity and Options
Aura wishes to inform the market that further to the Company's announcement of 21 May 2021 regarding the successful completion of a rights issue ("Rights Issue"), the Company has issued 130,576,382 ordinary shares of no par value each of the Company to eligible shareholders at a price of A$0.026 per share ("Rights Issue Shares").
In addition, the Company has issued the following shares and options which as announced on 9 April 2021, were previously approved at the Company's Annual General Meeting held on 17 March 2021 but were yet to be issued:
· 384,616 shares to Sartingen in settlement of litigation ("Settlement Shares").
· 384,616 options to Sartingen in settlement of litigation, each exercisable at A$0.052 with an expiry date of 30 June 2024 ("Settlement Options")
· 5,977,563 options to various sophisticated and professional investors, each exercisable at A$0.104, on or before 2 years from the date of issue, being 31 March 2023.
All shares and options as approved at the Company's Annual General Meeting have now been issued.
Director and PDMR holdings
All Directors took up their full entitlement as part of the Rights Issue.
Martin Rogers, Non-Executive Chairman, will be issued 1,923,076 Rights Issue Shares. Following the issue of the Rights Issue Shares, Martin Rogers will hold 5,769,229 shares representing 1.47 per cent. of the Company.
Peter Ward, Non-Executive Director, will be issued 1,076,922 Rights Issue Shares. Following the issue of the Rights Issue Shares, Peter Ward will hold 3,230,768 shares representing 0.82 per cent. of the Company.
Peter Reeve, CEO and Managing Director, will be issued 3,751,051 Rights Issue Shares. Following the issue of the Rights Issue Shares, Peter Reeve will hold 11,275,077 shares representing 2.88 per cent. of the Company.
The CFO Solution Pty Limited, Company Secretary to the Company, will also be issued 2,704,422 Rights Issue Shares. Following the issue of the Rights Issue Shares, CFO Solutions will hold 8,113,267 shares representing 2.07 per cent. of the Company.
Admission to Trading on AIM and Total Voting Rights
Application will be made for the Rights Issue Shares and the Settlement Shares, which will rank pari passu with the existing shares, to be admitted to trading on AIM and the ASX ("Admission"). It is expected that Admission will become effective and dealings will commence at 8:00a.m BST on or around 4 June 2021.
Following the issue of the Rights Issue Shares and the Settlement Shares, the issued share capital of the Company will consist of 392,116,034 Shares. No shares were held in treasury at the date of this announcement. The total current voting rights in the Company are therefore 392,116,034.
The above total current voting rights number is the figure which may be used by shareholders as the denominator for the calculation by which they will determine if 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 Further Information, please contact:
| Martin Rogers Aura Energy Limited Non-Executive Chairman +61 428 268 357 | Jane Morgan JMM Investor & Media Relations jm@janemorganmanagement.com.au +61 405 555 618
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| SP Angel Corporate Finance LLP (Nominated Advisor and Joint Broker) Ewan Leggat Caroline Rowe Telephone: +44 (0) 203 470 0470
| WH Ireland Limited (Joint Broker) Adrian Hadden James Sinclair-Ford Telephone: +44 (0) 207 220 1666
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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.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHAR0GING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |||||||||||||||||||||||
| a) | Name: | A: Martin Rogers B: Peter Ward C: Peter Reeve D: The CFO Solution Pty Ltd | ||||||||||||||||||||||
| 2. | Reason for the notification | |||||||||||||||||||||||
| a) | Position/status: | A: Non-Executive Chairman B: Non-Executive Director C: CEO/Managing Director D: Company Secretary | ||||||||||||||||||||||
| b) | Initial notification/Amendment: | Initial notification | ||||||||||||||||||||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||||||||||||||||
| a) | Name: | Aura Energy Limited | ||||||||||||||||||||||
| b) | LEI: | 5493003D06RIWBKIKA27 | ||||||||||||||||||||||
| 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 | |||||||||||||||||||||||
| a) | Description of the financial instrument, type of instrument: Identification code: | shares of no par value each AU000000AEE7 | ||||||||||||||||||||||
| b) | Nature of the transaction: | Issue of shares | ||||||||||||||||||||||
| c) | Price(s) and volume(s): | A: Martin Rogers Issue of shares:
B: Peter Ward Issue of shares:
C: Peter Reeve Issue of shares:
D: The CFO Solution Pty Ltd Issue of shares:
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| d) | Aggregated information: Aggregated volume: Price: | Issue of shares as above
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| e) | Date of the transaction: | 28 May 2021 | ||||||||||||||||||||||
| f) | Place of the transaction: | Outside a trading venue | ||||||||||||||||||||||
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