NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
PERTH, Australia, June 1, 2012 /CNW/ - Aurora Oil & Gas Limited
(ASX:AUT) (Company or Aurora) announced on 17 May 2012 that it entered into underwriting agreements
for the issue of approximately 33.8 million ordinary shares (Shares) at either A$3.55 or C$3.55 per Share (the Underwritten Placement). Of these Shares, Aurora offered 18 million Shares at a price of
C$3.55 per Share pursuant to a short form prospectus in Canada (Canadian Offer). The remaining Shares were placed to institutional and sophisticated
investors in Australia and elsewhere (other than Canada) (Australian Offer).
A further A$4.0 million is to be raised, subject to shareholder
approval, through the issue of 1.1 million Shares at A$3.55 per Share
to certain directors of the Company (Director Placement).
Euroz Securities Limited and TD Securities Inc. acted as Joint Lead
Managers and lead Australian and Canadian Underwriters respectively.
GMP Securities L.P. and Macquarie Capital Markets Canada Ltd. acted as
Canadian Co-Managers, with Credit Suisse (Australia) Limited, UBS AG,
Australia Branch and GMP Securities Australia Pty Limited as Australian
Brokers to the Australian Offer.
Aurora is pleased to announce that it has now closed the Canadian Offer
and has issued 18,000,000 Shares at C$3.55 per Share to raise
approximately C$63.9 million before the costs of issue.
The Shares rank equally with existing fully paid ordinary shares.
An Appendix 3B in respect of the Shares has previously been released
(refer to announcement of 17 May 2012). The Company expects that
holding statements will be dispatched to shareholders early next week.
Settlement of the Director Placement is expected to occur on or around
28 June 2012 (subject to shareholder approval).
Use of Funds
The proceeds from the Underwritten Placement (net of underwriters' fees
and transaction costs) will be used to fund the development costs
associated with the increased Sugarkane Field acreage position (as a
result of the proposed acquisition of an additional 6% working interest
in the Sugarloaf Area of Mutual Interest as announced by Aurora on 14
May 2012) and for working capital.
Secondary Trading Exemption
The Corporations Act 2001 (Act) restricts the on-sale of securities without disclosure, unless the
sale is exempt under sections 708 or 708A of the Act. By Aurora giving
this notice, sale of the Shares, the subject of the Canadian Offer
above will fall within the exemption offered by section 708A(5) of the
Aurora hereby notifies the ASX under section 708A(5)(e) of the Act that:
Aurora issued the Shares the subject of the Canadian Offer without
disclosure to investors under Part 6D.2 of the Act;
as at the date of this notice, Aurora has complied with the provisions
of Chapter 2M of the Act as they apply to Aurora, and with section 674
of the Act; and,
as at the date of this notice, Aurora has complied with section 674 of
the Act as it applies to Aurora; and
as at the date of this notice, there is no information:
that has been excluded from a continuous disclosure notice in accordance
with the Listing Rules of the Australian Securities Exchange; and
that investors and their professional advisers would reasonably require
for the purpose of making an informed assessment of:
the assets and liabilities, financial position and performance, profits
and losses and prospects of the Company; or
the rights and liabilities attaching to the Shares the subject of the
This news release shall not constitute an offer to sell or the
solicitation of an offer to buy securities in the United States nor
shall there be any sale of the securities in any jurisdiction in which
such an offer, solicitation or sale would be unlawful. The securities
offered have not been, and will not be, registered under the United
States Securities Act of 1933, as amended (the Securities Act), or any
state securities laws and may not be offered or sold in the United
States or to U.S. persons (as defined in Regulation S under The
Securities Act except in compliance with the registration requirements
or an applicable exemption from the registration requirements of The
Securities Act and applicable state securities laws.
SOURCE Aurora Oil
For further information:
Aurora Oil & Gas Limited ABN 90 008 787 988
Level 20, 77 St. Georges Terrace, Perth, WA 6000, Australia
GPO Box 2530 Perth, WA 6001, Australia
t +61 8 9440 2626, f +61 8 9440 2699, e email@example.com
Aurora Oil & Gas Ltd - Parent to Aurora USA Oil & Gas, Inc.
1111 Louisiana, Suite 4550, Houston, TX 77002 USA
t +1 713 402 1920, f +1 713 357 9674