Aura Energy Limited (AU:AEE) has released an update.
Aura Energy Limited is offering Eligible Shareholders the chance to participate in a Share Purchase Plan (SPP) to raise A$2 million, allowing applications for up to A$30,000 worth of shares each, at A$0.18 per share, with bonus options attached. This offer is part of a broader effort to raise A$18.2 million, with A$16.2 million already secured from institutional and sophisticated investors. The SPP shares will be equally ranked with existing shares and tradable on the ASX and AIM, with the company also aiming to list the SPP Options on the ASX.
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