Perth-based Aurora Oil & Gas Ltd's $10.6 million capital raising, to secure additional working capital for its oil and gas projects in the United States, has been finalised, the company has announced.
The full text of a company announcement is pasted below
Aurora Oil & Gas Limited (ASX:AUT) ("Company" or "Aurora") advises that it has finalised the placement of 20,000,000 fully paid ordinary shares to Institutional and other Sophisticated Investors to raise $10,600,000 before costs of issue as announced to the market on 24 July 2007 ("Placement").
The Placement shares have been allotted and issued to clients of Bell Potter Securities Limited, Stripe Capital (corporate authorised representative of Australian Stockbroking and Advisory Services Ltd) and Tolhurst Noall Ltd. A completed Appendix 3B in respect of the Placement shares is attached and the Company expects that holding statements will be despatched to shareholders by the end of this week.
Secondary Trading Exemption Notice
The Corporations Act 2001 ("Act") restricts the on-sale of securities without disclosure, unless the sale is exempt under Section 708 or 708A of the Act. By Aurora giving this notice, on sale of shares issued under the Placement will fall within the exemption offered by Section 708A (5) of the Act.
Aurora hereby notifies the ASX (as the operator of the prescribed financial market on which the Placement shares are to be quoted) under Section 708A(5)(e) of the Act that:
(a) Aurora issued the Placement shares 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 there is no "excluded information" as defined in Section 708A(7) and (8) of the Act in relation to Aurora.
