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Black Mountain Energy Ltd

ASX:BME
A$0.006Latest close held · delayed

Past year: ▼ 74%(0.60c – 2.40c AUD)

Market cap
A$2.3m
Shares on issue
383m
In-ground value
A$5.32bn
Risked multiple
under review
Story beats
26 since 2021
Last event
15 Mar 2024

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

17 Mar 2023capital raising announcement● NeutralMajor

The entitlement offer closed with applications for about $2.75m of the $4.25m sought, roughly 65% take-up, at $0.025. About $1.5m of shortfall (59.97m shares) can be placed over 3 months by Foster and CPS. Funds go to Half Moon and working capital.

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1 Mar 2023capital raising announcement● Neutral

Offer booklet and acceptance forms sent to eligible shareholders; the entitlement offer opened 1 March 2023 and is expected to close 10 March 2023. Administrative notice, no new information.

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20 Feb 2023capital raising announcement▼ BadMajor

BME launched a 2-for-3 renounceable entitlement offer at $0.025 per share to raise up to about $4.25m, a 37.5% discount to the $0.04 close. Rhett Bennett and BM Canning LLC committed at least $2.1m. Funds go to Half Moon costs, Valhalla commercialisation and working capital.

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20 Feb 2023capital raising announcement● Neutral

Letter telling shareholders outside eligible jurisdictions they cannot join the entitlement offer. Foster Stockbroking will sell their rights as nominee, with any net proceeds paid to them, though they may receive nothing. Administrative.

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20 Feb 2023capital raising announcement● Neutral

Letter telling option holders they can join the entitlement offer only by exercising options and being on the register by the 23 February 2023 record date. Administrative, no new information.

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20 Feb 2023capital raising announcement● Neutral

Timetable for the entitlement offer pushed back one business day because the Appendix 3B missed pre-market release. Offer now closes 10 March 2023 with results due 17 March. Administrative.

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20 Feb 2023capital raising announcement● Neutral

Information booklet for the 2-for-3 renounceable entitlement offer at $0.025 per share, raising up to $4.25m, closing 9 March 2023 unless extended. Mostly legal notices and offer terms already announced; no new information in the excerpt.

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