TXN 0.00% 58.0¢ texon petroleum ltd

July 31, 2012AURORA OIL & GAS LIMITED ANNOUNCES THE CLOSING...

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    July 31, 2012
    AURORA OIL & GAS LIMITED ANNOUNCES THE CLOSING OF
    ITS SENIOR NOTES OFFERING
    Aurora Oil & Gas Limited (“Aurora”) (TSX: AEF) (ASX: AUT) today announced that it has closed the
    previously announced offering by its wholly owned subsidiary, Aurora USA Oil & Gas, Inc. (the “Issuer”), of
    an aggregate principal amount of US$165 million 9.875% senior unsecured notes due February 2017 (the
    “Additional Notes”). The Additional Notes were issued at a price of 101.5% of their face amount, resulting in
    net proceeds of approximately US$163 million after deduction of commissions and estimated costs of the
    offering. The Additional Notes are a follow-on to the Issuer’s US$200 million aggregate principal amount of
    9.875% senior unsecured notes issued on 8 February 2012 (“Existing Notes”), and will form a single series
    of debt securities with the Existing Notes. The Additional Notes will be issued as senior unsecured
    obligations of the Issuer, and will be guaranteed by Aurora and each of the subsidiaries of the Issuer.




    getting capital to work in the efs and expand and purchase new acquisitions is not a problem either
 
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