Aura Energy Raises $8.8m to advance Tiris uranium project
- Aura Energy (AEE) receives firm commitments to raise $8.8 million through an oversubscribed placement for its Tirus uranium project in Mauritania, Africa
- The company will issue 35.3 million new shares at a price of 25 cents each, representing a 20 per cent discount to the five day volume weighted average price
- Majority of the funds will be used to complete a resource enhancement program at Tiris and commence the engineering phase of the project
- The remaining funds will be utilised for general working capital and corporate costs
- Shares have ended the day 7.46 per cent lower at 31 cents each
