Each one in plain English, with the numbers worked through for a shareholder.
23 Aug 2005business combination● Neutral
Cadence filed Amendment No. 1 to its merger registration statement, still covering up to 48,297,694 shares for Aurora Energy holders. The cover shows a last reported bid price of $2.20 on August 19, 2005, down from $2.53 in the May filing. The registration is still not effective and the merger has not closed. The excerpt does not show what changed in the amendment.
Cadence filed the registration statement (Form S-4) needed to issue up to 48,297,694 shares, of which 10,205,328 are issuable on option exercise, to Aurora Energy shareholders and option holders under the January 31, 2005 merger agreement. The last reported bid price was $2.53 on May 5, 2005. This is a step toward closing the merger; it is not yet effective and the merger has not closed. The text provided is truncated, so further terms are not covered here.
of Persons: Nathan A. Low Roth IRA, of Persons: Nathan A. Low reported a Aurora Oil & Gas CORP shareholding of 2,987,742 shares (14.24% of votes) in a periodic institutional filing.
Rubicon Master Fund, Rubicon Fund Management Ltd., Rubicon Fund Management LLP, Paul Anthony Brewer, Jeffrey Eugene Brummette, William Francis Callanan, Vilas Gadkari, Robert Michael Greenshields, Horace Joseph Leitch III disclosed a new substantial Aurora Oil & Gas CORP shareholding (13.60% of votes).
On January 31, 2005, the company (then filing as Cadence Resources Corporation) signed a merger agreement to acquire Aurora Energy Ltd. of Traverse City, Michigan, issuing two Cadence shares for each Aurora share; Aurora would become a wholly owned subsidiary. Alongside it, Cadence agreed to sell 7,810,000 shares and warrants for 14,050,000 shares (exercise price $1.75) to 22 investors for $9,762,500, including entities controlled by Nathan Low, a more than 10% holder. Cadence also repaid $5,000,000 of the $6,000,000 April 2004 notes in cash and converted $1,000,000 into stock and warrants, in exchange for cutting the exercise price on warrants for 765,000 shares from $4.00 to $1.25. Closing needs Aurora shareholder approval and an effective Form S-4. Note: Nathan Low's group had already been reported as a large holder in earlier filings.
of Persons: Nathan A. Low Roth IRA, of Persons: Nathan A. Low reported a Aurora Oil & Gas CORP shareholding of 2,427,742 shares (18.88% of votes) in a periodic institutional filing.
of Persons: Nathan A. Low Roth IRA, of Persons: Nathan A. Low reported a Aurora Oil & Gas CORP shareholding of 2,261,992 shares (18.00% of votes) in a periodic institutional filing.