5 June 2026capital raising announcement● Neutral
Notice that 678,563,674 shares were issued on 5 June 2026. Likely the Tranche 2 placement shares (668.99m) plus others (inference; approval outcome not seen). No new information.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
30 Mar 2026capital raising announcement▲ GoodMajor
Firm commitments for an oversubscribed A$10.0m institutional placement of 1,666,666,667 shares at A$0.006. Tranche 1 (A$6.0m, 997.7m shares) uses the rights shortfall and existing capacity; Tranche 2 (A$4.0m) needs approval at the May AGM. Funds go to Galactica, Pegasus and working capital.
What it means for a shareholder
1.67bn new shares at A$0.006 to raise about A$10.0m. That's 28% dilution: every existing holder's slice gets 28% smaller. If you held A$1,000 of shares (166,667 at the issue price), your slice goes from 0.00382% to 0.00277% of the company. To keep it you'd need 63,701 more shares - about A$382 at the issue price.
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29 Jan 2026capital raising announcement▼ BadMajor
Rights issue closed with applications for 212.7m shares, raising about A$1.06m, roughly 20% take-up. The A$4.4m shortfall (879m shares) may be placed until 23 April 2026 at no less than A$0.005. Total raised so far is far below the A$8.2m headline.
2 Jan 2026capital raising announcement● Neutral
Administrative notice that the rights issue offer document and acceptance forms were despatched on 2 January 2026. The offer closes 23 January 2026. No new information.
22 Dec 2025capital raising announcement● Neutral
Offer document for the 10-for-33 rights issue at A$0.005 to raise about A$5.46m. Opens 2 January and closes 23 January 2026. Formal terms of the raising announced the same day; no new figures.
22 Dec 2025capital raising announcement● NeutralMajor
Raising up to A$8.2m at A$0.005: a A$2.72m placement of 544m shares with free 0.6c options (1 per 2 shares, expiring 30 June 2026), plus a 10-for-33 rights issue for A$5.46m. Follows cash of A$1.905m at 30 September.
31 July 2025capital raising announcement● NeutralMajor
Raising A$4.5m through a placement of 908m shares at A$0.005, with one free option per two shares (1c, two years) subject to approval. Funds go to plant civils, gathering system and production facilities at Galactica. Tranche 2 needs a September general meeting.
What it means for a shareholder
908m new shares at A$0.005 to raise about A$4.5m. That's 25% dilution: every existing holder's slice gets 25% smaller. If you held A$1,000 of shares (200,000 at the issue price), your slice goes from 0.00742% to 0.00555% of the company. To keep it you'd need 67,387 more shares - about A$337 at the issue price.
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5 Sept 2024capital raising announcement▼ BadMajor
Blue Star raised A$3.0m via a placement of 750m shares at A$0.004, far below the 2.1c of the October 2023 placement, with one free option per two shares (1c, 2 years). Tranche 2 needs shareholder approval; Canaccord is lead manager. Heavily dilutive.
What it means for a shareholder
750m new shares at A$0.004 to raise about A$3.0m. That's 28% dilution: every existing holder's slice gets 28% smaller. If you held A$1,000 of shares (250,000 at the issue price), your slice goes from 0.0129% to 0.00928% of the company. To keep it you'd need 96,407 more shares - about A$386 at the issue price.
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22 Nov 2023capital raising announcement▼ Bad
The share purchase plan raised only A$478,000 (22,761,889 shares at 2.1c), well short of the A$2m target. Total new money from the October raising is therefore about A$7.5m.
What it means for a shareholder
22.8m new shares at A$0.021 to raise about A$478,000. That's 1.2% dilution: every existing holder's slice gets 1.2% smaller. If you held A$1,000 of shares (47,619 at the issue price), your slice goes from 0.00248% to 0.00245% of the company. To keep it you'd need 565 more shares - about A$12 at the issue price.
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14 Nov 2023capital raising announcement● Neutral
The share purchase plan closing date was extended from 14 to 17 November to give holders more time after the drilling update. Results are now due 22 November. Other terms unchanged.
1 Nov 2023capital raising announcement● Neutral
Share purchase plan booklet sent to eligible holders: up to A$30,000 each at 2.1c, a 23.6% discount to the five-day average price, targeting A$2m. Offer opens 1 November and closes 14 November. Continues the October placement.
16 Oct 2023capital raising announcement● NeutralMajor
Raised A$7m via a placement of 333,333,334 shares at 2.1c, a 22.2% discount to the last close of 2.7c. Funds go to the Voyager plant, wells and Galactica/Pegasus studies. A targeted A$2m share purchase plan for existing holders at the same price is proposed. Cash had been falling.
What it means for a shareholder
333m new shares at A$0.021 to raise about A$7.0m. That's 17% dilution: every existing holder's slice gets 17% smaller. If you held A$1,000 of shares (47,619 at the issue price), your slice goes from 0.003% to 0.00248% of the company. To keep it you'd need 10,007 more shares - about A$210 at the issue price.
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29 Oct 2021capital raising announcement▲ GoodMajor
Blue Star raised A$15m via a placement of 267,857,143 shares at 5.6c, a 15.2% discount to the last close. Funds go to well and water well drilling, leasing, development studies and working capital. Cash was A$3.3m at June.
What it means for a shareholder
268m new shares at A$0.056 to raise about A$15.0m. That's 18% dilution: every existing holder's slice gets 18% smaller. If you held A$1,000 of shares (17,857 at the issue price), your slice goes from 0.00142% to 0.00117% of the company. To keep it you'd need 3,794 more shares - about A$212 at the issue price.
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20 Nov 2020capital raising announcement▲ GoodMajor
Firm commitments to raise up to A$6m via up to 171.4m shares at 3.5c, to fund a multi-well drilling program, more lease acquisitions and working capital. Pamplona Capital led, with Foster Stockbroking as co-manager. Settlement is due 26 November 2020.
What it means for a shareholder
171m new shares at A$0.035 to raise about A$6.0m. That's 14% dilution: every existing holder's slice gets 14% smaller. If you held A$1,000 of shares (28,571 at the issue price), your slice goes from 0.00269% to 0.00232% of the company. To keep it you'd need 4,613 more shares - about A$161 at the issue price.
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2 July 2020capital raising announcement▲ GoodMajor
96.875m options were exercised at 1c, raising $968,750; the remaining 5m options in the series expired. Total raised in the past month is $3,271,620 (before costs), including the $1.32m tranche 2 still awaiting AGM approval.
16 June 2020capital raising announcement▲ GoodMajor
Placement raises A$2,302,620.88 at 1c per share, in two tranches: A$980,621 (98.1m shares) in about a week, and A$1.322m (132.2m shares) subject to approval at the 2020 AGM. Funds go to the drilling program and working capital. Pamplona is lead manager.
17 Dec 2019capital raising announcement▲ GoodMajor
Placement of 146,749,450 shares at 0.6c raising A$880,497, the maximum under current capacity, led by Pamplona for a 6% fee. Funds go to helium leasing and exploration. Aims for a 3-5 well drilling campaign starting in the second quarter of 2020.
What it means for a shareholder
147m new shares at A$0.006 to raise about A$880,497. 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 0.0284% to 0.0227% of the company. To keep it you'd need 41,667 more shares - about A$250 at the issue price.
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10 Oct 2019capital raising announcement● Neutral
Confirms the 117,399,560 placement shares at 0.5c were issued, raising A$586,998 before costs, about 25% of the prior 469.6m shares. Pamplona gets about A$35,200 in fees and, subject to shareholder approval, 10m options. Completes the 7 October placement.
7 Oct 2019capital raising announcement▲ GoodMajor
Placement of 117,399,560 shares at 0.5c raising A$586,998, using existing placement capacity, led by Pamplona. Funds go to helium leasing, exploration and working capital. Management says leasing is funded to 25,000 gross acres, then permitting for a 5-well helium drilling campaign.
What it means for a shareholder
117m new shares at A$0.005 to raise about A$586,998. That's 20% dilution: every existing holder's slice gets 20% smaller. If you held A$1,000 of shares (200,000 at the issue price), your slice goes from 0.0426% to 0.0341% of the company. To keep it you'd need 50,000 more shares - about A$250 at the issue price.
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31 July 2019capital raising announcement● Neutral
Second placement tranche completed after shareholders approved it at the 29 July EGM: 72,723,228 shares at 0.5c, raising about A$363,616 before costs. This completes the A$692,991 placement announced in June.
What it means for a shareholder
72.7m new shares at A$0.005 to raise about A$363,616. That's 15% dilution: every existing holder's slice gets 15% smaller. If you held A$1,000 of shares (200,000 at the issue price), your slice goes from 0.0504% to 0.0426% of the company. To keep it you'd need 36,648 more shares - about A$183 at the issue price.
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13 June 2019capital raising announcement● Neutral
First placement tranche completed: 65,875,000 shares issued at 0.5c, raising A$329,375, a 16.6% dilution on 331,000,017 shares. Broker fees are about A$12,907. Second tranche still needs shareholder approval.
What it means for a shareholder
65.9m new shares at A$0.005 to raise about A$329,375. That's 17% dilution: every existing holder's slice gets 17% smaller. If you held A$1,000 of shares (200,000 at the issue price), your slice goes from 0.0604% to 0.0504% of the company. To keep it you'd need 39,804 more shares - about A$199 at the issue price.
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11 June 2019capital raising announcement▲ GoodMajor
Placement of 138,598,228 shares at 0.5c to raise A$692,991, in two tranches; the second needs shareholder approval at a July EGM. Funds go to Percy Creek, new US leases and working capital. Director Trent Spry takes 3m shares. Follows cash falling to A$0.29m.
What it means for a shareholder
139m new shares at A$0.005 to raise about A$692,991. That's 30% dilution: every existing holder's slice gets 30% smaller. If you held A$1,000 of shares (200,000 at the issue price), your slice goes from 0.0604% to 0.0426% of the company. To keep it you'd need 83,745 more shares - about A$419 at the issue price.
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23 May 2018capital raising announcement▲ GoodMajor
Public offer closed, raising A$1.65m before costs from 165m new shares at A$0.01. It was oversubscribed and applicants were scaled back. The company is now working to complete the recapitalisation and be reinstated to ASX trading.
22 May 2018capital raising announcement● Neutral
Public offer closing date extended again, to 30 May 2018, with trading resumption now targeted for 7 June 2018. Another timetable slip.
16 May 2018capital raising announcement● Neutral
Public offer closing date extended again, to 23 May 2018, with trading resumption now targeted for 30 May 2018. Another timetable slip.
7 May 2018capital raising announcement● Neutral
Public offer closing date extended to 16 May 2018, with trading resumption now targeted for 24 May 2018. Timetable slip only.
20 Apr 2018capital raising announcement● Neutral
Public offer closing date moved to 4 May 2018, with share trading targeted to resume 17 May 2018. Timetable change only.
11 Apr 2018capital raising announcement▲ GoodMajor
Prospectus for a public offer of 165m shares at A$0.01 to raise A$1.65m, also covering resale of the 150m First Placement Shares. It is a step toward ASX re-quotation; the document warns of the risk re-quotation requirements are not met.
9 Apr 2018capital raising announcement▲ GoodMajor
First Placement completed: 150m shares at A$0.0025 plus 75m unlisted options, raising A$376,875 before costs, following the 23 January 2018 EGM approval. First cash injected under the recapitalisation.
27 Oct 2014capital raising announcement▲ GoodMajor
Antares announced an on-market buy-back of up to 25.5m shares (10% of the 255m on issue), starting 10 November 2014 for up to 12 months, through Hartleys. Follows the Southern Star sale proceeds.