Net proceeds from the offering are expected to be approximately $44.5 million or $54.7 million, if the underwriters exercise their over-allotment option in full. Aurora expects to use the net proceeds from the offering to fund exploration and development activities and for other general corporate purposes including acquisitions. Pending such use, the net proceeds will be used to repay amounts outstanding under its senior secured credit facility.
Johnson Rice & Company, LLC is the sole book-running manager and KeyBanc Capital Markets, a division of McDonald Investments Inc., and Morgan Keegan & Company, Inc. are co-managers in this offering. Copies of the final prospectus relating to the offering may be obtained by contacting:
Johnson Rice & Company, LLC 639 Loyola Avenue, Suite 2775 New Orleans, LA 70113
Aurora Oil & Gas Corporation is an independent energy company focused on unconventional natural gas exploration, acquisition, development and production with its main operations in the Michigan Antrim Shale and New Albany Shale of Indiana and western Kentucky.
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