TIDMAURA

RNS Number : 4038F

Aura Energy Limited

09 March 2020

AURA ENERGY LIMITED

("Aura" or the "Company")

Issue of Shares

Aura wishes to inform the market that on 8 March 2020 the Company approved the following issue of fully paid ordinary shares:

Lind Global Macro Fund LP on conversion of convertible notes into

fully paid ordinary shares 50,000,000

Ordinary shares held in Treasury Nil

Expected Admission date 16 March 2020

Background

Conversion of convertible notes

On 30 April 2019, the Company executed a Convertible Security Financing Agreement and a Security Deed ("Agreement") with Lind Global Macro Fund LP for proceeds of A$2,000,000 (before costs) for convertible notes with a face value of A$2,400,000. Following the expiry of 60 days from the date of execution, Lind was entitled to convert convertible notes into ordinary shares in the Company. Under the Agreement, Lind is entitled to convert its convertible notes into ordinary shares at 90% of the average of 5 daily VWAPs chosen by Lind from the daily VWAPs for the 20 Trading Days immediately prior to the Conversion Notice Date.

On 18 November 2019, the Company and Lind executed a Follow-on Convertible Note for proceeds of A$350,000 (before costs) for convertible notes with a face value of $420,000.

The issue of shares referred to above relates to the eighth Conversion Notice received from Lind to convert A$200,000 of convertible notes into fully paid ordinary shares. Lind has now converted $1,095,000 of the Convertible Security Facility.

Total shares on issue

The total number of ordinary shares on issue following the issue and Admission of the above Shares will be 1,643,465,047. There are no shares held in treasury and, therefore this figure may be used by shareholders, from the appropriate time, as the denominator for the calculations by which they will determine whether 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 more information please visit www.auraenergy.com.au or contact the following:

 
Aura Energy Limited                     Telephone: +61 (3) 9516 6500 
  Peter Reeve (Executive Chairman)        info@auraenergy.com.au 
 SP Angel Corporate Finance LLP          Telephone: +44 (0) 203 470 
  (Nominated Advisor and Joint Broker)    0470 
  Ewan Leggat 
  Caroline Rowe 
 
  WH Ireland Limited 
  (Joint Broker) 
  Adrian Hadden                           Telephone: +44 (0) 207 220 
  James Sinclair-Ford                     1666 
 
  Yellow Jersey PR Limited                Telephone: +44 (0) 7769 325 
  Felicity Winkles                        254 
  Joe Burgess

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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