Here's the full text:The Directors of Aleator Energy Limited...

Here's the full text:

The Directors of Aleator Energy Limited ("Aleator" or "the Company") (ASX: AWD) are pleased
to advise that the Company has signed a new financing facility with a syndicate of European
investors for a total amount of EUR 5 million. This financing is expected to be available almost
immediately and will allow Aleator to contract the drill rig and move to spud the POV 105 well
and to assess further investment opportunities in Ukraine.
The material terms of the loan are as follows:
? A loan amount of EUR 5 million;
? A loan term of 5 years from the draw date;
? An interest rate of 5%;
? The Company must prepay the first years interest from existing funds and is payable
contemporaneously with the draw down of funds, followed by monthly in arrears for
years two to five;
? The loan is unsecured, however a condition of the loan is that EUR 2 million must be
reinvested with portfolio managers nominated by the lenders and, as such, only EUR 3
million is available for immediate use by the Company. After the first year, the Company
is to maintain a cash balance in excess of the loan amount.
The Company view this opportunity as complementary to the GRES Holdings (GRES) facility, by
allowing the Company to progress the drilling program immediately while the final stages of the
larger USD 20 million GRES facility are completed.
Update of GRES Holdings Finance Facility
On the 27th March 2013, the Company announced that it had signed a binding agreement with
GRES for a USD 20 million financing facility to be allocated to the Povorotnoye project in
Ukraine. The Company has experienced lengthy delays in the availability of this facility due to a
number of reasons that have been predominantly administrative in nature. As a result of these
delays, the original Bank Guarantee that was to be used to provide collateral for the funding has
matured to the point where the Company and GRES are no longer satisfied with its suitability.

Consequently, the Company and GRES have mutually agreed to replace the original Bank
Guarantee with one that is freshly issued.
The Company has received written confirmation from GRES that they “have a Bank Guarantee
provider ready and believe that we (they) can complete this within 10 banking days subject to a
commitment from Crimea Energy Limited”. Aleator is working with GRES to achieve this
timeframe, and upon receipt of the Bank Guarantee, the credit line should be opened within a
further five banking days.
Outlook For the Company
This new EUR 5 million loan facility is highly complementary to the GRES USD 20 million facility
and allows the Company to immediately conclude the drilling rig contract with Ukrburservis and
make the final preparations for spudding. POV 105.
CEO Wal Muir stated “We are very excited about the prospect of finally drilling our flagship
project Povorotnoye and this new facility allows the Company to get on with it while we wait for
the USD20 million facility from GRES. We have a rig on standby and all site preparations have
been completed for spud. We look forward to committing to the drill rig and getting
mobilisation underway, and plan is to be updating shareholders on a regular basis via progress
reports on the lead up to drilling.”
End.