Aurora Oil and Gas Ltd. (AOG: Quote) said it wishes to update the market in relation to its unconditional cash Offer of $0.45 per share for Eureka Energy Limited.
Under the Corporations Act 2001 if a company wishes to extend its Offer, the extension must be announced at least five trading days before the end of the Offer period. As Aurora's Offer is scheduled to close on Friday, 15 June 2012, the time for making such an extension has now passed.
Accordingly, Aurora stated that its Offer for Eureka, will close on 15 June 2012.
Aurora further notes that under the Corporations Act 2001, the company is not permitted to increase its Offer price in the last 5 trading days of the Offer period.
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by RTT Staff Writer
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