Aurora Oil & Gas Limited - Shareholders approve Scheme of Arrangement

 Aurora Oil & Gas Limited - Shareholders approve Scheme of Arrangement  PERTH, Western Australia, May 21, 2014 /CNW/ - Aurora Oil & Gas Limited  (ASX:AUT, TSX:AEF) (Aurora) is pleased to announce that, at the scheme meeting  held earlier today (Scheme Meeting), the requisite majority of Aurora  shareholders approved the scheme of arrangement under which Baytex Energy  Corp. will acquire, through its wholly owned subsidiary Baytex Energy  Australia Pty Ltd, all of the shares in Aurora (Scheme).  This satisfies one of the remaining conditions set out in the Scheme  Implementation Deed, a copy of which was released to ASX on 7 February 2014  (as subsequently varied).  Aurora will now apply 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). Once this has occurred, trading in Aurora's  shares is expected to cease at close of trade on 27 May 2014 on ASX and at the  opening of trading 27 May 2014 (Toronto time) on the Toronto Stock Exchange.  Details of the votes cast at the Scheme Meeting and details of the outcome of  the resolutions are set out below in accordance with Listing Rule 3.13.2 and  section 251AA of the Corporations Act.  Resolution 1  "That the scheme of arrangement proposed between Aurora and its Shareholders,  as contained in and more particularly described in the Scheme Booklet  (Scheme), is amended by:        a.     deleting the reference to "$4.10" in clause 5.1 of the Scheme            and replacing it with a reference to $4.20; and                  b.     amending the definition of "Scheme Consideration" in Schedule 1            of the Scheme by deleting the reference to "$4.10" and replacing            it with a reference to $4.20,  (Revised Scheme)."  The resolution was carried on a poll with 87.96% of the total number of votes  cast by Aurora shareholders present and voting at the Scheme meeting (in  person or by proxy) being in favour of the resolution. The result of the poll  was:      _____________________________________________________________________     |  |Resolution | Total For |Percentage|     Total|Abstain|Total Votes,|     |  |           |           |    in    |   Against|       |    inc.    |     |  |           |           |  favour  |          |       |  abstains  |     |__|___________|___________|__________|__________|_______|____________|     |1.|Amendment  |269,557,602|   87.96% |36,889,461|600,367|307,047,430 |     |  |to Scheme  |           |          |          |       |            |     |  |of         |           |          |          |       |            |     |  |Arrangement|           |          |          |       |            |     |__|___________|___________|__________|__________|_______|____________|  The proxies received were:      ______________________________________________________________________________     |  |Resolution | Total For |Percentage|   Total  |Abstain|   Open  |Total Proxy|     |  |           |           |    in    |  Against |       |         |  Votes,   |     |  |           |           |  favour  |          |       |         |   inc.    |     |  |           |           |          |          |       |         | abstains  |     |__|___________|___________|__________|__________|_______|_________|___________|     |1.|Amendment  |265,629,053|   87.49% |36,889,461|600,367|1,087,168|304,206,049|     |  |to Scheme  |           |          |          |       |         |           |     |  |of         |           |          |          |       |         |           |     |  |Arrangement|           |          |          |       |         |           |     |__|___________|___________|__________|__________|_______|_________|___________|  Resolution 2  "That, pursuant to and in accordance with the provisions of section 411 of the  Corporations Act, the Revised Scheme is agreed to (with or without any  modifications or conditions required by the Court), and subject to approval of  the Revised Scheme by the Court, the board of directors of Aurora is  authorised to implement the Revised Scheme with any such modifications or  conditions."  The resolution was carried on a poll with 98.08% of Aurora shareholders  present and voting (in person or by proxy) in favour of the Scheme Resolution,  being greater than the requirement for at least 50%, and 87.96% of the total  number of votes cast on the resolution at the Scheme meeting (in person or by  proxy) in favour of the Scheme Resolution, being greater than the requirement  for at least 75%.  The result of the poll was:      _____________________________________________________________________     |  |Resolution| Total For |Percentage|     Total|Abstain|Total Votes, |     |  |          |           |    in    |   Against|       |inc. abstains|     |  |          |           |  favour  |          |       |             |     |__|__________|___________|__________|__________|_______|_____________|     |2.|Scheme    |269,577,602|   87.96% |36,889,461|600,367| 307,047,430 |     |  |Resolution|           |          |          |       |             |     |__|__________|___________|__________|__________|_______|_____________|  The proxies received were:      _____________________________________________________________________________     |  |Resolution| Total For |Percentage|     Total|Abstain|   Open  |Total Proxy|     |  |          |           |    in    |   Against|       |         |  Votes,   |     |  |          |           |  favour  |          |       |         |   inc.    |     |  |          |           |          |          |       |         | abstains  |     |__|__________|___________|__________|__________|_______|_________|___________|     |2.|Scheme    |265,629,053|   87.49% |36,889,461|600,367|1,087,168|304,206,049|     |  |Resolution|           |          |          |       |         |           |     |__|__________|___________|__________|__________|_______|_________|___________|       SOURCE  Aurora Oil & Gas Limited  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,  einfo@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  To view this news release in HTML formatting, please use the following URL:  http://www.newswire.ca/en/releases/archive/May2014/21/c9206.html  CO: Aurora Oil & Gas Limited NI: OIL  
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