IN BRIEF: Aura Energy issues tranche of $16.2 million placement

Writer,

Aura Energy Ltd - Minerals exploration company with projects in Mauritania, Sweden and Western Australia - Completes issue of first tranche of ordinary shares from the $16.2 million placement previously announced on March 18. The first tranche consisted of raising $16.1 million before costs, via the placement of 89.7 million shares at $0.30 each to new and existing institutional and sophisticated investors.

Stock price: 9.10 pence

12-month change: down 39%

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