Aurora Energy Resources Inc.

Aurora Energy Resources Inc.

November 27, 2007 09:06 ET

Aurora Energy Resources Announces Closing of Bought Deal Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 27, 2007) -


Aurora Energy Resources Inc. ("Aurora") (TSX:AXU) is pleased to announce that it has closed its previously announced bought deal financing. Aurora issued an aggregate of 6,018,600 Common Shares at a price of $16.00 per Common Share (including 706,100 Common Shares issued pursuant to the exercise of an Over-Allotment Option) and an aggregate of 750,000 Flow-Through Shares at a price of $20.50 per Flow-Through Share for aggregate gross proceeds to the Company of $111,672,600. The underwriting syndicate was led by Cormark Securities Inc. and RBC Capital Markets Inc. and included National Bank Financial Inc., Blackmont Capital Inc. and Dundee Securities Corporation.

Such forward-looking statements, including but not limited to, those with respect to the timing and amount of estimated future resources and resource conversion rates and the potential for further equity dilution involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Aurora to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks related to the actual results of current exploration activities, conclusions of economic evaluations, uncertainty in the estimation of mineral resources, changes in project parameters as plans continue to be refined, future prices of uranium, economic and political stability in Canada, the state of the capital markets, environmental risks and hazards, increased infrastructure and/or operating costs, labor and employment matters, and government regulations as well as those factors discussed in the section entitled "Risk Factors" in Aurora's Annual Information Form dated March 16, 2007, available on SEDAR at Although Aurora has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Aurora disclaims any intention or obligation to update or revise any forwarding-looking statements, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking statements.

Contact Information

  • Aurora Energy Resources Inc.
    Mr. Oliver Lennox-King
    (604) 632-4677 or Toll Free: 1-877-632-4677
    Aurora Energy Resources Inc.
    Dr. Mark O'Dea
    President & CEO
    (604) 632-4677 or Toll Free: 1-877-632-4677