Aurora Oil & Gas Limited - Scheme Update

PERTH, Western Australia, May 22, 2014 /CNW/ - Aurora Oil & Gas Limited (ASX:AUT, TSX:AEF) (Aurora) is applying to the Federal Court of Australia for orders approving the Scheme at a hearing scheduled for Monday 26 May 2014. If the Scheme is approved by the Court, Aurora expects to lodge the Court orders approving the Scheme with ASIC on Tuesday 27 May 2014, so that the Scheme will become effective on and from that date in accordance with section 411(10) of the Corporations Act 2001 (Cth).

Transfers of shares

Once this has occurred, trading in Aurora's shares is expected to cease at close of trade on 27 May 2014 (Perth time) on ASX and at the opening of trading 27 May 2014 (Toronto time) on the Toronto Stock Exchange. The deadline for shareholders to request to transfer their shares between the Australian and Canadian Aurora Register will be 2.45pm (Perth time) on 27 May 2014.

Scheme Consideration

As set out in the Scheme Booklet, Aurora has determined that shareholders with an address in Canada shown on the Register on the Scheme Record Date (currently expected to be 7pm Perth time on 3 June 2014) and Canadian Beneficial Holders (who hold their shares on the Canadian Register indirectly through brokers or other market intermediaries) will receive the Canadian dollar equivalent of the Scheme Consideration of AU$4.20, using an exchange rate on the Implementation Date, currently expected to be 11 June 2014 (Perth time), or a date that is within 5 business days of such Implementation Date, after deducting any costs, charges or expenses associated with the conversion.

All dates are indicative only and are subject to the Court approval process, ASX approval and the satisfaction or, where applicable, waiver of the conditions precedent to the implementation of the Scheme.  Any changes to the above timetable will be announced to ASX and notified on Aurora's website at www.auroraoag.com.au.


SOURCE: Aurora Oil & Gas Limited

For further information:

Investors:   
Jon Stewart   
Executive Chairman  
Aurora Oil & Gas Ltd  
Tel: +61 8 9380 2700  

Media:
Shaun Duffy   
FTI Consulting   
Tel: +61 8 9485 8888  
Mob: +61 404 094 384  
Shaun.Duffy@fticonsulting.com

Head Office
Level 1, 338 Barker Road, Subiaco, WA 6008, Australia
PO Box 20, Subiaco, WA 6904
T +61 8 9380 2700, f + 61 8 9380 2799, e info@auroraoag.com.au

Houston
Aurora USA Oil & Gas, Inc. a subsidiary of Aurora Oil & Gas Limited
1200 Smith Street, Suite 2300, Houston TX 77002-5500
T + 1 713 402 1920, f + 1 713 357 9674

Organization Profile

Aurora Oil & Gas Limited

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890