Aura wishes to inform the market that on 14 May 2020 the Company issued the following ordinary shares:

Lind Global Macro Fund LP on conversion of convertible notes into

  fully paid ordinary shares                                                                                    280,000,000

Ordinary shares held in Treasury                                                                                         Nil

Expected Admission date                                                                                    20 May 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 thirteenth Conversion Notice received from Lind to convert A$560,000 of convertible notes into fully paid ordinary shares.  Lind has now converted $2,330,000 of the Convertible Security Facility.

The amount outstanding on the Convertible Security Financing Agreement is $490,000.

Total shares on issue

The total number of ordinary shares on issue following the issue and Admission of the above Shares will be 2,450,035,966.   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:

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