Each one in plain English, with the numbers worked through for a shareholder.
22 July 2026capital raising announcement● NeutralMajor
ADX raised A$3.58m through a placement of 179.2m shares at A$0.02, a 16.7% discount to the last price, with one free A$0.03 option per share expiring Dec 2027. Funds go to HOCH-1 testing, more shallow gas drilling, Austrian production and Sicily. Follows the March placement at A$0.027.
What it means for a shareholder
179m new shares at A$0.020 to raise about A$3.6m. That's 17% dilution: every existing holder's slice gets 17% smaller. If you held A$1,000 of shares (50,000 at the issue price), your slice goes from 0.00557% to 0.00464% of the company. To keep it you'd need 9,977 more shares - about A$200 at the issue price.
13 Mar 2026capital raising announcement● NeutralMajor
ADX raises A$4.4m via a placement of 163m shares at A$0.027, a 15.6% discount to last price, with one free option per two shares (A$0.0405, 24 months, subject to a late-May shareholder meeting). Funds HOCH-1 in April, two more shallow gas wells, Sicily data and the Oslo listing.
What it means for a shareholder
163m new shares at A$0.027 to raise about A$4.4m. That's 18% dilution: every existing holder's slice gets 18% smaller. If you held A$1,000 of shares (37,037 at the issue price), your slice goes from 0.00507% to 0.00415% of the company. To keep it you'd need 8,272 more shares - about A$223 at the issue price.
13 Nov 2025capital raising announcement● NeutralMajor
ADX raises A$3.5m via a placement of 134.6m shares at A$0.026, an 18.8% discount to last price, with one free option per two shares (A$0.039, 24 months, subject to shareholder approval). Funds Welchau-1 testing, shallow gas drilling, Sicily seismic and Oslo listing preparation.
What it means for a shareholder
135m new shares at A$0.026 to raise about A$3.5m. That's 19% dilution: every existing holder's slice gets 19% smaller. If you held A$1,000 of shares (38,462 at the issue price), your slice goes from 0.00657% to 0.00534% of the company. To keep it you'd need 8,838 more shares - about A$230 at the issue price.
Prospectus for the free-attaching placement options: about 35.7m Tranche 1 and 28.6m Tranche 2 options at A$0.15, expiring 8 May 2026. Formalises the 2 May placement's option component; no new figures beyond that.
ADX secured firm commitments for a A$13.5m placement of 128.6m shares at A$0.105, with one A$0.15 option (expiring 8 May 2026) per two shares. A$7.5m comes first; A$6.0m needs shareholder approval at the 22 May AGM. Funds Welchau testing, Anshof-2A and an ADX-AT-I gas well.
What it means for a shareholder
129m new shares at A$0.105 to raise about A$13.5m. That's 23% dilution: every existing holder's slice gets 23% smaller. If you held A$1,000 of shares (9,524 at the issue price), your slice goes from 0.00217% to 0.00168% of the company. To keep it you'd need 2,791 more shares - about A$293 at the issue price.
21 Dec 2023capital raising announcement▲ GoodMajor
The share purchase plan raised A$1.578m at A$0.10 per share, above the A$1m target, with all valid applications accepted. Together with the placement, total raised is A$6.378m. About 15.78m new shares and 7.89m A$0.16 options issue on 22 December.
What it means for a shareholder
15.8m new shares at about A$0.100 to raise about A$1.6m. That's 3.7% dilution: every existing holder's slice gets 3.7% smaller. If you held A$1,000 of shares (10,000 at the issue price), your slice goes from 0.00246% to 0.00237% of the company. To keep it you'd need 389 more shares - about A$39 at the issue price.
Prospectus issued for the share purchase plan: up to 10m shares at A$0.10 (up to A$1m) with one A$0.16 option per two shares, plus a A$250k shortfall offer. Closes 18 December. It formalises the offer announced on 22 November.
What it means for a shareholder
10.0m new shares at A$0.100 to raise about A$1.0m. That's 2.7% dilution: every existing holder's slice gets 2.7% smaller. If you held A$1,000 of shares (10,000 at the issue price), your slice goes from 0.00275% to 0.00268% of the company. To keep it you'd need 275 more shares - about A$28 at the issue price.
28 Nov 2023capital raising announcement▲ GoodMajor
A second placement tranche raises a further A$0.6m (6m shares at A$0.10, with A$0.16 options expiring 31 Dec 2024) from a UK investor, lifting placement total to A$4.8m. The share purchase plan of up to A$1m opens 29 November and closes 18 December.
What it means for a shareholder
6.0m new shares at A$0.100 to raise about A$600,000. That's 1.6% dilution: every existing holder's slice gets 1.6% smaller. If you held A$1,000 of shares (10,000 at the issue price), your slice goes from 0.00275% to 0.00271% of the company. To keep it you'd need 165 more shares - about A$17 at the issue price.
22 Nov 2023capital raising announcement▲ GoodMajor
ADX raised A$4.2m through a placement of 42m shares at A$0.10 (about 40% oversubscribed), with one A$0.16 option expiring 31 Dec 2024 per two shares. A share purchase plan of up to A$1m follows on the same terms. Funds Anshof-2, production facilities and Welchau.
What it means for a shareholder
42.0m new shares at A$0.100 to raise about A$4.2m. That's 1.1% dilution: every existing holder's slice gets 1.1% smaller. If you held A$1,000 of shares (10,000 at the issue price), your slice goes from 0.000275% to 0.000272% of the company. To keep it you'd need 116 more shares - about A$12 at the issue price.
3 Aug 2022capital raising announcement● NeutralMajor
ADX raised A$2.55m via a placement of 425m shares at A$0.006, oversubscribed by about 70%, with one free option per two shares (A$0.013 strike, 2 years). Funds go to Welchau and Anshof long-lead items, the Anshof early production facility and renewables. Price is below the A$0.008 prior close.
What it means for a shareholder
425m new shares at A$0.006 to raise about A$2.5m. That's 12% dilution: every existing holder's slice gets 12% smaller. If you held A$1,000 of shares (166,667 at the issue price), your slice goes from 0.00545% to 0.00479% of the company. To keep it you'd need 23,175 more shares - about A$139 at the issue price.
8 Dec 2021capital raising announcement● NeutralMajor
ADX raised A$2.847m by placing 284.7m shares at A$0.01, against a last close of A$0.011, with one free A$0.015 option (expiry 30 June 2022) per two shares. Funds go to hydrogen feasibility, the geothermal pilot, Anshof tie-in if successful, and licence fees. It dilutes holders.
What it means for a shareholder
285m new shares at A$0.010 to raise about A$2.8m. That's 9.6% dilution: every existing holder's slice gets 9.6% smaller. If you held A$1,000 of shares (100,000 at the issue price), your slice goes from 0.00372% to 0.00337% of the company. To keep it you'd need 10,605 more shares - about A$106 at the issue price.
ADX issued a prospectus offering 250,000,473 free options (A$0.008 strike, expiring 15 June 2021) to share purchase plan participants, one per two shares. Issue depends on shareholder approval at the general meeting expected around 19 February 2021.
The share purchase plan drew about A$3.6m of applications against a A$1.0m target, so ADX upsized it to about A$3.0m (500,000,951 shares at A$0.006), scaling back applications pro rata. With the A$1.3m placement, funds go to workovers, Upper Austria expansion and hydrogen, and a possible European dual listing.
What it means for a shareholder
500m new shares at A$0.006 to raise about A$3.0m. That's 20% dilution: every existing holder's slice gets 20% smaller. If you held A$1,000 of shares (166,667 at the issue price), your slice goes from 0.00851% to 0.00678% of the company. To keep it you'd need 42,554 more shares - about A$255 at the issue price.
ADX explained how holders can download the share purchase plan application form because COVID postal delays may hold up the mailed copies. Payment is due by 29 January 2021. No change to the offer terms.
ADX opened its share purchase plan to Australian and NZ holders: A$1,500-30,000 each at A$0.006, a 12% discount to the 5-day average price, with one free option per two shares. Capped at A$1.0m, it follows the 15 December placement. SPP options need shareholder approval.
15 Dec 2020capital raising announcement● NeutralMajor
ADX placed 221.25m shares at A$0.006 to raise A$1.3275m, with one free option per two shares (A$0.008 strike, expiring 15 Jun 2021). A share purchase plan seeks up to A$1.0m on the same terms. Funds go to the Upper Austria bank guarantee, workovers and working capital.
What it means for a shareholder
221m new shares at A$0.006 to raise about A$1.3m. That's 11% dilution: every existing holder's slice gets 11% smaller. If you held A$1,000 of shares (166,667 at the issue price), your slice goes from 0.00966% to 0.00856% of the company. To keep it you'd need 21,372 more shares - about A$128 at the issue price.
ADX issued 79.7m shares at 1 cent from the Share Purchase Plan and shortfall, lifting shares on issue to about 1.525bn (5.23% dilution). A 4% management fee is payable to the brokers.
What it means for a shareholder
79.7m new shares at A$0.010 to raise about A$797,000. That's 6.0% dilution: every existing holder's slice gets 6.0% smaller. If you held A$1,000 of shares (100,000 at the issue price), your slice goes from 0.00807% to 0.00758% of the company. To keep it you'd need 6,428 more shares - about A$64 at the issue price.
20 Nov 2019capital raising announcement● NeutralMajor
The Share Purchase Plan closed raising $797,018 at 1 cent, below the $1.5m target, including $118,018 from the shortfall offer. 70.3m shares remain in the shortfall offer. It completes the A$5.5m funding package, with options subject to the 6 December meeting.
What it means for a shareholder
70.3m new shares at about A$0.0113 to raise about A$797,018. That's 5.4% dilution: every existing holder's slice gets 5.4% smaller. If you held A$1,000 of shares (88,204 at the issue price), your slice goes from 0.00711% to 0.00673% of the company. To keep it you'd need 5,001 more shares - about A$57 at the issue price.
The Share Purchase Plan closing date was extended to 15 November 2019 after shareholders reported delayed documents. Shares are now expected to be issued around 22 November.
Share Purchase Plan documents were mailed. Eligible shareholders can buy up to $30,000 of shares at 1 cent, with one free option per three shares, closing 1 November 2019.
Prospectus for the Share Purchase Plan: up to 150m shares at 1 cent to raise up to $1.5m, with one free option per three shares. The offer closes 1 November 2019, as already announced on 14 October.
What it means for a shareholder
150m new shares at A$0.010 to raise about A$1.5m. That's 11% dilution: every existing holder's slice gets 11% smaller. If you held A$1,000 of shares (100,000 at the issue price), your slice goes from 0.00807% to 0.0072% of the company. To keep it you'd need 12,099 more shares - about A$121 at the issue price.
Prospectus for the placement of 200m shares at 1 cent to raise $2m, with one free option per three shares. A general meeting on 6 December 2019 is to approve the options. It documents the already announced raise and adds no new terms evident in the readable text.
What it means for a shareholder
200m new shares at A$0.010 to raise about A$2.0m. That's 14% dilution: every existing holder's slice gets 14% smaller. If you held A$1,000 of shares (100,000 at the issue price), your slice goes from 0.00812% to 0.00698% of the company. To keep it you'd need 16,231 more shares - about A$162 at the issue price.
14 Oct 2019capital raising announcement▲ GoodMajor
ADX secured A$5.5m to fund the Austrian RAG acquisition: a A$2.0m placement of 200m shares at 1 cent and A$3.5m of loan notes (6% interest, repaid over 24 months, with options at 1.8c). A Share Purchase Plan of up to A$1.5m will follow; completion is expected late October to mid November.
16 July 2019capital raising announcement● NeutralMajor
ADX raised A$1.205m through convertible loan notes to fund the Austrian deposit and costs. Terms: 6 months, 10% interest, convertible at the lower of A$0.007 or any later raising price. Directors Tchacos, Fink and Brown contributed $150k in total.
10 May 2019capital raising announcement▲ GoodMajor
Reabold invested a further £375,940 in Danube at £1 per share. ADX's stake falls to 62.5% and Reabold rises to 37.5%, with Reabold's total at £2.26m. The money goes to the Parta appraisal program, starting with Iecea Mica-1.
3 Dec 2018capital raising announcement● NeutralMajor
ADX raised $750,000 through an unconditional placement of 75 million shares at 1.0 cent each, with one free unlisted option (2c, expiring 31 December 2019) for every three shares. Funds go to Nilde ratification work, Dougga funding, Parta planning and working capital.
What it means for a shareholder
75.0m new shares at A$0.010 to raise about A$750,000. That's 6.2% dilution: every existing holder's slice gets 6.2% smaller. If you held A$1,000 of shares (100,000 at the issue price), your slice goes from 0.00883% to 0.00828% of the company. To keep it you'd need 6,620 more shares - about A$66 at the issue price.
19 June 2017capital raising announcement● NeutralMajor
ADX placed 69.2m shortfall shares for $900,000, bringing the total raised to $2.025m of the $2.415m maximum. Further shortfall will be offered only to strategic investors. Funding is said to cover Nilde and Dougga studies and marketing.
31 May 2017capital raising announcement● NeutralMajor
The entitlement offer closed with shareholders taking up 86.5m shares for $1.12m, less than half the ~$2.4m sought. About 99.3m shares remain as shortfall, open up to three months. Allotment is due 2 June.
Reminder that the 1-for-5 entitlement offer at 1.3c closes on 26 May 2017 at 3pm WST, with payment by BPAY or cheque. Administrative notice with no new terms.
