Aurora Oil & Gas Limited - Completion of Director Placement

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

PERTH, Australia, June 29, 2012 /CNW/ - As announced on 17 May 2012, Aurora Oil & Gas Limited (ASX: AUT) (TSX: AEF) (Company or Aurora) had agreed, subject to shareholder approval, to raise approximately A$4.0 million through the issue of shares to certain directors of the Company (Director Placement).

Aurora advises that following receipt of shareholder approval it has now completed the Director Placement and allotted 1,137,619 Aurora shares at A$3.55 per share to raise approximately A$4.0 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 announcement of 17 May 2012).

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 Director Placement above will fall within the exemption offered by section 708A(5) of the Act.

Aurora hereby notifies the ASX under section 708A(5)(e) of the Act that:

(a)      Aurora issued the Shares the subject of the Director Placement without disclosure to investors under Part 6D.2 of the Act;
(b)      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,
(c)      as at the date of this notice, Aurora has complied with section 674 of the Act as it applies to Aurora; and
(d)      as at the date of this notice, there is no information:
  (i)      that has been excluded from a continuous disclosure notice in accordance with the Listing Rules of the Australian Securities Exchange; and
  (ii)      that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:
    A.      the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or
    B.      the rights and liabilities attaching to the Shares the subject of the Director Placement

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

HEAD OFFICE
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 info@auroraoag.com.au

Aurora USA Oil & Gas, Inc.
A subsidiary of Aurora Oil & Gas Ltd.
1111 Louisiana, Suite 4550, Houston, TX 77002 USA
t +1 713 402 1920, f +1 713 357 9674

www.auroraoag.com.au

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Aurora Oil & Gas Limited

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