Aura has four distinct activities progressing steadily despite the tough conditions in the market. The Tiris DFS remains poised for execution, the Haggan Scoping Study is complete allowing corporate transactions, the gold assets are attracting good corporate interest and the compensation action in
Placement
The Placement was undertaken at
Subscribers to the Placement will also receive 1 free attaching option for every two Placement Shares subscribed with each option exercisable at
The Placement Shares will rank equally with existing ordinary shares. The Placement Shares do not require shareholder approval as the Company will utilise its existing placement capacity under ASX Listing Rules 7.1. The options will require approval at a shareholders meeting.
Use of funds
The proceeds raised through the Placement will be used for general working capital purposes with a focus on achieving financing for Tiris and corporate transactions for the
The Placement Shares will be issued on Thursday,
Contact:
Mr
Tel: +61 (0)3 9516 6500
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