21 June 2024capital raising announcement▲ GoodMajor
The A$80m return of capital is paid on 21 June, at 12.63c per share (slightly below the 12.64c planned). The ATO class ruling is expected on or after 3 July. Suspension from 2 July still expected.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
7 June 2024capital raising announcement● Neutral
Calima brought forward the timetable for the A$80m (12.64c per share) return of capital. The record date moved from 19 June to 14 June and payment from 26 June to 21 June 2024, with the amount unchanged.
6 June 2024capital raising announcement▲ GoodMajor
Calima confirms the A$80m (12.64c per share) return of capital will be paid in one payment on 19 June 2024. The tax ruling is now expected after payment rather than before it, and ASX suspension is still likely on 2 July.
9 Feb 2022capital raising announcement● NeutralMajor
Calima raised A$20m through a placement of 100 million new shares at A$0.20, a 13% discount to the last close. Proceeds first reduce the drawn credit facility, then fund Q1 well completions, waterflood, North Thorsby completion and Thorsby battery expansion.
29 Apr 2021capital raising announcement▲ GoodMajor
Calima issued 5,425,783,115 shares at $0.007, raising A$37.9m before costs, completing the Blackspur funding. Proceeds cover the cash component, Blackspur debt paydown, deal costs and working capital. Trading reinstatement expected 3 May.
16 Mar 2021capital raising announcement▲ GoodMajor
Firm commitments of A$37m received: A$31m conditional placement plus A$6m of the retail offer, up from the A$34m targeted at $0.007. Funds the Blackspur purchase; placement settles 27 April, completion 29 April, trading expected 30 April.
11 Mar 2021capital raising announcement● NeutralMajor
Prospectus for a retail offer of up to 1,428,571,429 shares at $0.007 to raise up to $10m, closing 20 April 2021. It is part of the funding for the Blackspur acquisition; existing shareholders face dilution from the new issue.
2 Oct 2020capital raising announcement● Neutral
Cleansing notice for 3.5m shares issued at A$0.00714 to StocksDigital in lieu of A$25,000 cash for consulting services. Small non-cash issue; no cash raised.
1 Aug 2019capital raising announcement● NeutralMajor
Entitlement offer closed with applications for 131.96m shares (about $2.38m, 27.4% of the offer). The 351.4m-share shortfall (about $6.32m) falls to underwriters Petra and Euroz, with issue expected around 5 August. The raising is completed through underwriting.
17 July 2019capital raising announcement● Neutral
Closing date of the underwritten 1.8 cent entitlement offer is extended one week to 29 July 2019, in consultation with the underwriters. The board says acceptances are pleasing despite school holidays. Share issue moves to 5 August.
2 July 2019capital raising announcement● Neutral
Letter to eligible shareholders on the 1-for-3 entitlement offer at 1.8 cents, raising up to about $8.7m (483.3m shares). Record date 4 July, closes 22 July. Fully underwritten by Euroz and Petra; directors intend to take up their entitlements. Repeats the 1 July terms.
What it means for a shareholder
483m new shares at about A$0.018 to raise about A$8.7m. That's 26% dilution: every existing holder's slice gets 26% smaller. If you held A$1,000 of shares (55,552 at the issue price), your slice goes from 0.00399% to 0.00296% of the company. To keep it you'd need 19,273 more shares - about A$347 at the issue price.
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2 July 2019capital raising announcement● Neutral
Letter to optionholders on the 1.8 cent entitlement offer: options carry no right to participate unless exercised and registered before the 4 July record date. Repeats known terms; no new information.
2 July 2019capital raising announcement● Neutral
Letter telling shareholders with addresses outside Australia, New Zealand and the UK that they cannot take part in the 1-for-3 entitlement offer at 1.8 cents. No action needed. Administrative; no new terms.
1 July 2019capital raising announcement● NeutralMajor
Calima raises $12.7m at 1.8 cents a share: a $4m placement of about 222m shares and a fully underwritten 1-for-3 entitlement offer for $8.7m. Funds go to working capital and pipeline tie-in planning; completing Calima-2 and 3 testing depends on the Namibia sale.
1 July 2019capital raising announcement● Neutral
Offer document for the 1-for-3 non-renounceable entitlement offer at 1.8 cents a share, raising up to about $8.7m, closing 22 July 2019. It implements the raising announced the same day; no new terms visible.
24 Aug 2018capital raising announcement● Neutral
Calima issued a short prospectus offering 1,000 shares at $0.054, only to allow Tranche 1 placement shares to be traded freely. It carries no new funding or news beyond the 17 August placement.
What it means for a shareholder
1,000 new shares at A$0.054 to raise about A$54. That's 0.000129% dilution: every existing holder's slice gets 0.000129% smaller. If you held A$1,000 of shares (18,519 at the issue price), your slice goes from 0.00239% to 0.00239% of the company. To keep it you'd need 0 more shares - about A$0 at the issue price.
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17 Aug 2018capital raising announcement▲ GoodMajor
Calima raised A$25m through a placement of 462,962,963 shares at $0.054, a 10.8% discount to the 5-day VWAP, cornerstoned by Tribeca. It funds the three-well Montney program from December 2018. Tribeca is also mandated to arrange up to $40m project debt, subject to due diligence. Tranche 2 needs shareholder approval.
26 Mar 2018capital raising announcement● Neutral
Cleansing prospectus for up to 1,000 shares at 5.5c, issued to allow secondary trading of the March placement shares. Administrative; it raises no meaningful new money.
What it means for a shareholder
1,000 new shares at A$0.055 to raise about A$55. That's 0.000228% dilution: every existing holder's slice gets 0.000228% smaller. If you held A$1,000 of shares (18,182 at the issue price), your slice goes from 0.00415% to 0.00415% of the company. To keep it you'd need 0 more shares - about A$0 at the issue price.
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16 Mar 2018capital raising announcement▲ GoodMajor
Calima raised A$3.52m through an oversubscribed placement of 63,956,820 shares at 5.5c, a 9.8% discount, with Euroz as lead manager. Funds go to Montney permitting, planning and drilling three wells from November 2018, plus working capital.
What it means for a shareholder
64.0m new shares at A$0.055 to raise about A$3.5m. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held A$1,000 of shares (18,182 at the issue price), your slice goes from 0.00415% to 0.00362% of the company. To keep it you'd need 2,651 more shares - about A$146 at the issue price.
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21 Aug 2017capital raising announcement▲ Good
Calima received A$2.25m under the public offer, and the name change to Calima Energy took effect after shareholders overwhelmingly backed all resolutions. Stein and Taylor will join the board on completion while Downey resigns, with relisting targeted on or before 28 August.
24 July 2017capital raising announcement● Neutral
Azonto extended the prospectus closing date from 27 July to 17 August 2017. Completion of the acquisition was now expected on 21 August and reinstatement to trading on about 25 August.
30 June 2017capital raising announcement● NeutralMajor
Prospectus lodged for 50m shares at 4.5c (A$2.25m, up to A$4.5m with oversubscriptions). It also offers Havoc 28.5m shares and 20.0m performance shares for Calima, 20.0m shares to Calima noteholders, 20m management options and 3.3m shares to Euroz. Text is truncated.
6 June 2017capital raising announcement▲ GoodMajor
Firm commitments received for the A$2.25m minimum raise at 4.5c per share post-consolidation (50m shares), led by a Clarion Finance-associated entity with 67%. Funds Stage 1 of the Montney farm-in. Investors also get 10m options; 6% fee applies. Relisting targeted for August.
19 Aug 2013capital raising announcement▲ GoodMajor
Rialto received about A$10.6m net for the second placing tranche, on top of A$2.9m net from the first, and the 369.1m shares are now trading. This completes the A$14.1m placing and funds work toward the Vitol deal and CI-202 talks.
7 Aug 2013capital raising announcement▲ GoodMajor
Shareholders approved the second tranche of the A$14.1m placing: 369,115,611 shares at A$0.03, plus 9.67m to directors. The Share Purchase Plan was cancelled because the share price was below 3 cents, and applications will be refunded.
What it means for a shareholder
369m new shares at A$0.030 to raise about A$14.1m. That's 32% dilution: every existing holder's slice gets 32% smaller. If you held A$1,000 of shares (33,333 at the issue price), your slice goes from 0.00424% to 0.00288% of the company. To keep it you'd need 15,641 more shares - about A$469 at the issue price.
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9 July 2013capital raising announcement● Neutral
Offer letter for the share purchase plan: eligible Australian and NZ holders can buy up to A$15,000 of shares at A$0.03, aiming for about A$5m. It closes 2 August; general meeting is 7 August. Not underwritten. It follows the June placing.
25 June 2013capital raising announcement● NeutralMajor
Placing raises A$14.1m through 471.6m new shares at A$0.03, an 18.1% discount, about 69% of prior share capital. Only 102.4m shares are firm; 369.1m need shareholder approval. A share purchase plan of up to A$5m at the same price follows.
What it means for a shareholder
472m new shares at A$0.030 to raise about A$14.1m. That's 41% dilution: every existing holder's slice gets 41% smaller. If you held A$1,000 of shares (33,333 at the issue price), your slice goes from 0.00488% to 0.00289% of the company. To keep it you'd need 23,018 more shares - about A$691 at the issue price.
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20 June 2013capital raising announcement● NeutralMajor
Rialto proposes to raise up to A$16m via a placing, plus a share purchase plan of up to A$5m. Funds are for Côte d'Ivoire work, including its share of the likely Hippo North well. The raising follows the Vitol term sheet and the open funding thread.
18 Apr 2012capital raising announcement▲ GoodMajor
Settlement of the second half of the IFC investment completed: ALAC paid A$9.56m for 31,853,633 shares plus 7,963,408 options at A$0.50. Shares on issue now 682,017,491. Closes the IFC funding thread; funds go to the CI-202 three-well programme.
27 Mar 2012capital raising announcement▲ GoodMajor
IFC and its ALAC fund signed the subscription agreement for about US$20m: 63,707,267 shares at A$0.30 (A$19.1m) plus 15.9m options. IFC board approved 22 March; closing expected mid-April. This resolves the IFC funding thread opened in January.
What it means for a shareholder
63.7m new shares at A$0.300 to raise about A$19.1m. That's 9.3% dilution: every existing holder's slice gets 9.3% smaller. If you held A$1,000 of shares (3,333 at the issue price), your slice goes from 0.000539% to 0.000489% of the company. To keep it you'd need 343 more shares - about A$103 at the issue price.
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