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Aura IPO closes oversubscribed

URANIUM explorer and developer Aura Energy Ltd has advised that its initial public offer has closed substantially oversubscribed. The Aura IPO is to raise $4 million, with a provision for an oversubscription of five million shares raising $1 million. Having secured shareholder approval at the General Meeting held on Tuesday May 15, North Perth resources explorer Drake Resources Ltd will sell its uranium tenements to Aura, obtaining equity in Aura upon listing in addition to receiving a cash payment of $100,000 in reimbursement for its expenditure on the tenements. Aura now holds 12 uranium exploration tenements in WA. These include: the Wondinong Prospect, where uranium mineralisation exists over an area of eight square kilometres; the Altona uranium project, which has 115km of prospective drainage channel immediately to the south of BHP Billiton’s Yeelirrie deposit; and a number of other highly prospective uranium projects in the Yilgarn Craton.

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Aura Energy (AEE)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/06/18

1 year TSR5 year TSR
thLustrum Minerals0%0%
83rdLodestar Minerals150%19%
133rdMarquee Resources97%0%
566thAura Energy-13%-21%
713thManhattan Corporation-45%-27%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

11/12/17
$0 Other
11/12/17
$0 Issued
30/08/17
$7k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

375th↑Aura Energy$0
436th↓Lodestar Minerals$0
437th-Lustrum Minerals$0
439th↓Manhattan Corporation$0
440th↓Marquee Resources$0
507 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Aura Energy

149thPeter Reeve$609k
1172ndStan Zillwood$53k
1228thBob Beeson$44k
Ranked by total remuneration from all listed WA companies

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