AGORACOM News Flash

AGORACOM Wire - Wednesday February 15th, 2012

Breaking News ....

Lomiko (LMR: TSX-V) to Complete 43-101 Report on Previous Drilling at the Quatre Milles Graphite Property *CLIENT* Read More

Top Sector Stories ....

Strike Graphite Corp. (TSXV:SRK) Acquires Wagon Graphite Project in Quebec in Vicinity of Timcal's Lac des Iles Graphite Mine *CLIENT* Read More | Profile

Strike Graphite goes "Beyond the Press Release"

McLaren Resources (CNSX:MCL) Drills 7.0 Grams Gold Over 7.4 Metres at the TimGinn Property Located Adjacent to the Hollinger Mine *CLIENT* Read More | Watch Beyond the Press Release

DONNER METALS INTERVIEW: David Patterson Discusses the Bracemac-McLeod Mine Development Beyond the Press Release

AGORACOM Launches GraphiteStocksBlog.com

We're proud to announce the launch of GraphiteStocksBlog.com a website dedicated to the needs of investors and companies in the fast growing Graphite industry.

INAUGURAL GRAPHITE SPONSORS

Close

Message: Fronteer Announces Intention to Acquire Aurora Energy Resources Inc.

Reply New Message

« Prev Message Back To Forum Go to Threaded View Next Message »

rink

Rank: [?]

Vice President

Points: [?]

2392

Rating: [?]

Votes: 35 Score: 3.2

Currently 3.3/5 Stars.

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

Re: Fronteer Announces Intention to Acquire Aurora Energy Resources Inc.

in response to Fronteer Announces Intention to Acquire Aurora Energy Resources Inc. by rink

posted on Dec 22, 08 10:10AM

December 22, 2008

Aurora Acknowledges Fronteer Press Release

Aurora Energy Resources Inc. ("Aurora" or the "Company") (AXU:TSX) today acknowledged that Fronteer Development Group Inc. ("Fronteer") has issued a press release stating that Fronteer intends to make an offer (the "Fronteer Offer") to acquire all of the outstanding common shares of Aurora not already held by it on the basis of 0.825 of a Fronteer common share for each Aurora common share. Aurora understands that Fronteer holds approximately 42% of the outstanding Aurora common shares.

The Fronteer press release states that Fronteer anticipates the Fronteer Offer will be made by way of a formal offer and take-over bid circular to be mailed to all Aurora shareholders no later than January 30, 2009. Aurora’s Board of Directors has formed a Special Committee of directors who are independent of Fronteer and will evaluate the proposed Fronteer Offer. The Special Committee has retained National Bank Financial Inc. as its financial advisors and Ogilvy Renault LLP as its legal advisors.

Fronteer has not yet made any formal offer and no action is required by Aurora shareholders at this time. Aurora recommends that its shareholders defer making any decision with respect to the offer until the Aurora Board of Directors formally communicates to shareholders its position on any such offer. Aurora’s Board of Directors will advise Aurora shareholders of its position on any such offer by news release and directors’ circular, as required by applicable securities law.

ABOUT AURORA

Aurora is a uranium exploration and development company active in the Central Mineral Belt of coastal Labrador - one of the world's most promising uranium districts - and in Nunavut, Canada, where it has acquired an interest in the Baker Lake Basin property.

Aurora has no debt and approximately C$99 million in cash that is fully liquid and held with a large Canadian commercial bank.

Aurora is committed to responsible development, which includes community consultation, lasting local benefits and the highest standards of safety, health, and environmental protection.

For further information on Aurora, please contact:

Bruce Dumville, President & CEO

(PH) (709) 726-2223