11 November 2021
Results of Loyalty Options Entitlement Offer
KEY POINTS:
· The Loyalty Options Entitlement Offer announced on 19 October 2021 has closed and raised A$2,030,390 (before costs).
· The Loyalty Options will be issued on 15 November 2021 and are scheduled to commence trading on ASX on 16 November 2021.
Aura Energy Limited (ASX:AEE, AIM:AURA) ("Aura", the "Company") is pleased to announce that the Loyalty Options Entitlement Offer ("Offer") announced on 19 October 2021 closed on 8 November 2021.
The Offer was strongly supported by eligible shareholders, who applied for 68,029,541 new Loyalty Options over shares in the Company ("Options"), raising approximately A$1,020,443 (before costs), pursuant to their entitlements. This represents a 73% participation of entitlements by eligible shareholders. All directors applied for their full entitlements, full details of which are set out below:
| PDMR | Number of shares held in the Company | Number of Options subscribed for under the Offer | Number of Options to be held in total following the Offer |
| Peter Reeve | 11,275,077 | 3,751,051 | 3,751,051 |
| Martin Rogers | 5,769,229 | 1,923,076 | 17,307,691 |
| Peter Ward | 3,230,768 | 1,076,922 | 6,846,152 |
| CFO Solution | 8,113,267 | 2,704,422 | 2,704,422 |
The Offer shortfall of 67,329,768 Loyalty Options has been placed with existing long-term shareholders by the underwriter, KTM Capital, following intense interest by shareholders. The funds raised through the Offer will be used for exploration, mining working capital and production commencement.
The Loyalty Options are scheduled to be issued under the Offer on 15 November 2021 and are scheduled to commence trading on ASX on 16 November 2021 and will not be listed on AIM. The Loyalty Options are exercisable at A$0.052 each and expire on 30 June 2024. Loyalty Option exercise forms are scheduled to be issued to option holders on 19 November 2021.
Commenting on the results of the Offer, Chairman, Martin Rogers commented: "We are delighted to have successfully completed the Loyalty Options Entitlement Offer, and appreciate the continued support from shareholders. Aura Energy is in the perfect position to capitalise on the current resurgence of interest and demand in uranium."
This ASX Release as authorised by the Aura Energy Board of Directors.
For Further Information, please contact:
| Martin Rogers Chairman Aura Energy Limited
| Jane Morgan JMM Investor & Media Relations jm@janemorganmanagement.com.au +61 405 555 618
|
| SP Angel Corporate Finance LLP (Nominated Advisor and Joint Broker) Ewan Leggat Caroline Rowe +44 (0) 203 470 0470
| WH Ireland Limited (Joint Broker) Adrian Hadden Andrew de Andrade +44 (0) 207 220 1666
|
About Aura Energy (ASX: AEE, AIM:AURA)
Aura Energy is an Australian based minerals company that has major polymetallic and uranium projects with large resources in Europe and Africa. The company has rapidly grown by acquiring new projects in areas with known polymetallic and uranium occurrences including Sweden and greenfield projects in Mauritania
The Company is now focused on the Tiris Uranium Project, a major greenfields uranium discovery in Mauritania, with 49 Mlb U308 in current resources from 66 million tonnes @ 334 ppm U308.
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: Peter Reeve B: Martin Rogers C: Peter Ward D: CFO Solution | ||||||||||||||||
| 2. | Reason for the notification | |||||||||||||||||
| a) | Position/status: | A: CEO/Managing Director B: Non-Executive Chairman C: Non-Executive Director D: CFO (outsourced) | ||||||||||||||||
| 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: | Options over shares with option issue price of A$0.015, exercise price of A$0.052 and expiry date of 30 June 2024 AU000000AEE7 | ||||||||||||||||
| b) | Nature of the transaction: | Take up of Options under the Offer | ||||||||||||||||
| c) | Price(s) and volume(s): | A: Peter Reeve
B: Martin Rogers
C: Peter Ward
D: CFO Solution
| ||||||||||||||||
| d) | Aggregated information: Aggregated volume: Price: |
| ||||||||||||||||
| e) | Date of the transaction: | 8 November 2021 | ||||||||||||||||
| f) | Place of the transaction: | Outside a trading venue | ||||||||||||||||
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