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 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, firstname.lastname@example.org 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/May2014/22/c9407.html CO: Aurora Oil & Gas Limited NI: OIL -0- May/22/2014 06:50 GMT
Aurora Oil & Gas Limited - Scheme Update
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