Eureka manoeuvres against Aurora takeover

EUREKA Energy has added another brick in its defensive wall as it tries to keep out a $107 million takeover offer from Aurora Oil & Gas, closing the deal on a $50 million debt facility with Macquarie.

It can move to draw down the first part of a $15 million first tranche after three days, with the remainder of the cash from the first tranche available until October 31, 2013.

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