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clock Created with Sketch. 09/02/17
22:26
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Originally posted by Tibbs
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G'day Mr Dream ... Look I am not sure what exactly you mean. These options were allotted for FREE to London investors 18 months ago as a free 1 for 1 option attached to each share they purchased in the cap raising. The strike/conversion price of those option was 2.5 cents ($0.025). They expire later this year, but these investors have agreed to convert them early to assist the company with cash to devote to the gold project."Aura Energy Limited (ASX:AEE), is pleased to announce that is has completed a placement to a London based group of investors to continue to fund the DFS for the development of high-grade Tiris Uranium Project. This source of funding opens a new and important investor base for Aura which is relevant to the company’s African and European projects. The investors are an experienced group of resource investors and are aligned with Aura Energy in the long term commitment required to bring its projects, particularly the Tiris Project in Mauritania, into production. The investors have a demonstrated track record in this regard. Importantly the group of London based investors involved in this listing has indicated its intention to cornerstone the London AIM IPO with a substantial investment.1 option for each share subscribed with a strike of $0.025 and a 2 year term. The group of investors are all clients of WH Ireland in London who has facilitated this transaction.
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ignore my last post, I think I get what you say, its a free oppie against each share issued and expired in 2 years, thats why in the 3B it was written as 2.5c over ordinary shares.
(20min delay)