|[June 27, 2014]
Aura Receives $1.1 Million Loan From A Company Director
REDONDO BEACH, Calif. --(Business Wire)--
Aura Systems, Inc. (OTCBB: AUSI) announced today that Mr. Robert
Kopple a board member recently provided the Company with a new $1.1
million unsecured non-convertible short term loan. The Board approved
the terms of the loan and Mr. Kopple excused himself from voting on the
Mr. Kopple to date has advanced the Company approximately $2.9 million
in unsecured non-convertible loans. The $2.9 million included all the
accrued interest to date. In adition, Mr. Kopple has a $2.0 million
convertible Note with conversion right at $0.50 per share.
"Safe Harbor" Statement under the Private Securities Litigation Reform
Act of 1995: The statements contained in this release which are not
historical facts are forward-looking statements that are subject to
risks and uncertainties that could cause actual results to differ
materially from those set forth in or implied by forward-looking
statements. These risks are described in the Company's Securities and
Exchange Commission filings.
For more information on Aura Systems Inc. visit www.aurasystems.com.
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