Aura urges shareholders to participate in share purchase offer

9th June 2023 By: Marleny Arnoldi - Deputy Editor Online

ASX-listed Aura Energy has reminded shareholders to participate in the company’s share purchase plan (SPP) on June 13.

This follows Aura receiving firm commitments to raise A$10-million through the placement of about 54-million new fully paid ordinary shares at an offer price of A$0.185 apiece.

In conjunction with the placement, Aura is offering eligible shareholders the opportunity to participate in a SPP on the same terms as the placement to raise a further $1-million, with about 5.4-million new shares available for issue.

The SPP will enable Aura’s retail and exiting shareholders a base to participate in the growth of the company.

Eligible shareholders can apply for shares under the plan in increments of between $2 500 and $30 000.

Aura owns uranium and polymetallic projects in Africa and Europe. The company is, in particular, focused on developing the Tiris uranium project, in Mauritania.