Past year: ▼ 90%(0.80c – 12.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
8 Mar 2012capital raising announcement● Neutral
Rialto issued 144,750,000 shares on 8 March 2012 to directors and institutional and sophisticated investors, with the required compliance notice. This matches Tranche 2 of the A$60m placement at A$0.30 (inference on link), completing the placement after shareholder approval.
2 Feb 2012capital raising announcement● Neutral
Rialto issued 56,250,000 shares to employees and institutional investors on 2 February 2012, with the required compliance notice. This appears to be the first tranche of the placement (announced as about 55.25m shares), plus some employee shares (inference).
1 Feb 2012capital raising announcement● Neutral
Invitation letter to eligible shareholders for the share purchase plan: up to $15,000 each at $0.30 per share, capped at $8m in total, closing 15 February 2012. Terms already announced on 27 January.
27 Jan 2012capital raising announcement▲ GoodMajor
Raising A$60m at A$0.30 per share (about 200m shares, a 14% discount to last close) in two tranches, plus an up to A$8m share purchase plan. The IFC investment is now set at about 63.7m shares at A$0.30 plus 15.9m options at A$0.50. Funds the three-well CI-202 programme; AIM listing targeted by end of quarter.
What it means for a shareholder
63.7m new shares at A$0.300 to raise about A$19.1m. That's 15% dilution: every existing holder's slice gets 15% smaller. If you held A$1,000 of shares (3,333 at the issue price), your slice goes from 0.000889% to 0.00076% of the company. To keep it you'd need 566 more shares - about A$170 at the issue price.
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16 Jan 2012capital raising announcement▲ GoodMajor
Agreement in principle for the World Bank's IFC to invest about US$20m via a private placement of shares and warrants, to fund the CI-202 drilling due February 2012. It needs IFC board approval after a 60-day disclosure period, plus shareholder approval. This answers the funding need flagged earlier.
20 July 2011capital raising announcement● Neutral
Rialto issued 15,000,000 shares on 19 July 2011 on achieving a CI-202 funding milestone, approved by shareholders in July 2010. This is the 15m performance-share tranche converting; the notice is a compliance filing.
16 Feb 2011capital raising announcement● Neutral
Notice that 38,362,668 shares, the second placement tranche, were issued on 16 February 2011. This completes the A$55m raising after shareholder approval.
6 Jan 2011capital raising announcement● Neutral
Administrative notice that 40,208,761 shares from the first placement tranche were issued on 6 January 2011. It confirms Tranche 1 settled, with Tranche 2 still awaiting shareholder approval.
23 Dec 2010capital raising announcement▲ GoodMajor
Rialto raises about A$55m from a placement of 78.6m shares at 70c (10.8% discount), and plans to buy the remaining 25% of C&L Natural Resources, lifting CI-202 from 63.75% to 85%. The deal needs shareholder approval; the seller group includes a director-linked company.
What it means for a shareholder
78.6m new shares at A$0.700 to raise about A$55.0m. That's 23% dilution: every existing holder's slice gets 23% smaller. If you held A$1,000 of shares (1,429 at the issue price), your slice goes from 0.000533% to 0.000412% of the company. To keep it you'd need 419 more shares - about A$293 at the issue price.
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5 Oct 2010capital raising announcement▲ Good
The share purchase plan closes with 303 applications for 9,450,189 shares at 30c, raising $2,835,057, all filled in full. This is below the roughly A$4.6m maximum. It resolves the plan thread and funds CI-202 and working capital.
What it means for a shareholder
9.5m new shares at A$0.300 to raise about A$2.8m. That's 8.6% dilution: every existing holder's slice gets 8.6% smaller. If you held A$1,000 of shares (3,333 at the issue price), your slice goes from 0.00332% to 0.00304% of the company. To keep it you'd need 314 more shares - about A$94 at the issue price.
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8 Sept 2010capital raising announcement● Neutral
Rialto offers eligible shareholders a share purchase plan of up to about $10,000 each at 30c, the same price as the placement. It could raise up to about A$4.6m, closes 30 September, and funds CI-202 work and working capital.
27 July 2010capital raising announcement▲ Good
Rialto completes the second and final A$7.5m tranche (25m shares at 30c) of its A$30m placement, resolving the condition on CI-202 completion. Chaim Lebovits, founder of C&L Natural Resources, joins as non-executive director.
What it means for a shareholder
25.0m new shares at A$0.300 to raise about A$7.5m. That's 20% dilution: every existing holder's slice gets 20% smaller. If you held A$1,000 of shares (3,333 at the issue price), your slice goes from 0.00332% to 0.00266% of the company. To keep it you'd need 831 more shares - about A$249 at the issue price.
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15 July 2010capital raising announcement▲ GoodMajor
Rialto completes an institutional placement of 100 million shares at 30 cents to raise A$30.0m, a 17.8% discount to the last close. A$22.5m was approved on 7 July, and A$7.5m is conditional on completion of the CI-202 acquisition. A share purchase plan at 30c follows.
8 July 2008capital raising announcement▲ GoodMajor
Rialto will place 22,121,212 shares at 33 cents to raise $7.3 million, led by Patersons. The first 3,346,500 shares come now and the rest, including 2 million to directors and management, needs shareholder approval. Funds target Challenger joint venture opportunities and the Carnarvon permits.
What it means for a shareholder
22.1m new shares at A$0.330 to raise about A$7.3m. That's 51% dilution: every existing holder's slice gets 51% smaller. If you held A$1,000 of shares (3,030 at the issue price), your slice goes from 0.0145% to 0.00705% of the company. To keep it you'd need 3,216 more shares - about A$1,061 at the issue price.
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26 Sept 2007capital raising announcement● NeutralMajor
Rialto will place 2,910,000 shares at 40 cents to raise $1.164 million before expenses, assisted by Tolhurst. The money funds the increase to 25% in the Challenger joint venture and working capital.
What it means for a shareholder
2.9m new shares at A$0.400 to raise about A$1.2m. That's 14% dilution: every existing holder's slice gets 14% smaller. If you held A$1,000 of shares (2,500 at the issue price), your slice goes from 0.0139% to 0.012% of the company. To keep it you'd need 406 more shares - about A$162 at the issue price.
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7 June 2006capital raising announcement● NeutralMajor
Rialto Energy (later Calima Energy) issued its IPO prospectus: 8,083,333 shares at 30 cents to raise $2.425 million, plus up to $500,000 oversubscriptions, with one free $0.60 option per two shares. Hartleys is lead broker.
What it means for a shareholder
8.1m new shares at A$0.300 to raise about A$2.4m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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