Past year: ▲ 88%(15.5c – 32.0c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
30 Apr 2025capital raising announcement▲ GoodMajor
Shareholders approved a return of capital of 2 cents per share, funded from existing cash. It was payable on 13 May 2025 to holders on the 6 May record date, and the company has applied to the ATO for a ruling on its tax treatment.
19 Mar 2021capital raising announcement● Neutral
Retail entitlement offer completed, but shareholders took up only $500,043; the roughly $995,515 shortfall goes to sub-underwriters. The full raising (about $2.6M at $0.12) is therefore still met, though through the underwriting rather than shareholder demand (inference).
24 Feb 2021capital raising announcement● Neutral
Retail offer booklet for the 1-for-4, $0.12 entitlement offer was sent to eligible shareholders. The offer closes 16 March 2021. Administrative notice only.
19 Feb 2021capital raising announcement● Neutral
The institutional part of the $0.12 entitlement offer completed, raising $1,095,343 from 9,127,866 new shares. The retail part, about $1.5M, remains to come, taking the total to about $2.6M. Continues the raising to repay the loan.
17 Feb 2021capital raising announcement● NeutralMajor
Fitzroy launched a 1-for-4 entitlement offer at $0.12 per share to raise about $2.6M, with the retail part underwritten by Taylor Collison. Proceeds are to repay the $2.5M loan due November 2021. Shares would rise from 86.4M to about 108.0M, diluting non-participants.
13 May 2014capital raising announcement▲ GoodMajor
Fitzroy announced an on-market buy-back of up to 9.07M shares (just under 10%), about $3.4M at 38 cents, from 30 May 2014 to 30 May 2015. It says it has more capital (about $12.0M cash) than it can invest in royalty deals in the next 12 months.
19 Mar 2013capital raising announcement● Neutral
15,131,446 new shares were issued at $0.25, completing the rights issue and lifting shares on issue to 90,788,294. JP Morgan Nominees holds 22.88%; Susan Thomas's entity holds 10.91%.
What it means for a shareholder
15.1m new shares at A$0.250 to raise about A$3.8m. That's 14% dilution: every existing holder's slice gets 14% smaller. If you held A$1,000 of shares (4,000 at the issue price), your slice goes from 0.00441% to 0.00378% of the company. To keep it you'd need 667 more shares - about A$167 at the issue price.
Create a free account to see this worked out for your own holding.
14 Mar 2013capital raising announcement▲ GoodMajor
The $3.8M rights issue closed with applications for 11.57M of 15.13M new shares (76%, $2.892M). The remaining 3.562M shares fall to underwriter Bell Potter and its sub-underwriters, so the full amount is still raised.
22 Feb 2013capital raising announcement● Neutral
Offer booklets were sent to eligible shareholders. Only 21 of 1,137 registered holders were ineligible. Shares issuable after rounding are 15,131,446. Administrative step in the $3.8M offer.
12 Feb 2013capital raising announcement● Neutral
The offer booklet for the $3.8M 1-for-5 entitlement offer at $0.25 per share, closing 8 March 2013. It sets out terms and risks, and calls the investment speculative. Repeats the announced offer. Text truncated.
12 Feb 2013capital raising announcement● NeutralMajor
The company launched a fully underwritten 1-for-5 renounceable entitlement offer at $0.25 per share to raise about $3.8M, a 26.5% discount to the last close. Funds go to the Buru royalty assets, possible EGL UK investment, legacy issues and working capital. Underwriter is Bell Potter.
26 July 2012capital raising announcement● NeutralMajor
The selective buy-back approved on 17 July is complete: 221,615,657 shares were cancelled in exchange for one share in a UK subsidiary each. This leaves 75,656,848 shares on issue, down from 297m, and splits the European business from the listed company.
2 June 2011capital raising announcement▲ GoodMajor
EGL completed an A$15m placement of 33,372,752 shares at 45c to international institutions, a 10% discount to the 50c recent deals. Management says this funds the exploration program for 12 months and leaves capital for new projects. A request to lift the suspension will follow.
What it means for a shareholder
33.4m new shares at A$0.450 to raise about A$15.0m. That's 41% dilution: every existing holder's slice gets 41% smaller. If you held A$1,000 of shares (2,222 at the issue price), your slice goes from 0.00458% to 0.00271% of the company. To keep it you'd need 1,529 more shares - about A$688 at the issue price.
Create a free account to see this worked out for your own holding.
31 May 2011capital raising announcement● Neutral
The A$2.5m Ocean Dome loan is settled in full with 5m shares at 50c and 6m options at 50c expiring 30 April 2012. A roughly A$15m placement at 45c is being finalised. Shares on issue reach 265,944,359.
10 May 2011capital raising announcement● Neutral
Appendix 3B for 22m shares at A$0.50 to Transcor, issued as consideration for the Gazonor and Benelux disposals and note discharge, plus 20m options expiring 5 May 2012. Shares on issue become 260,944,359; Transcor holdings are escrowed six months.
29 Sept 2009capital raising announcement▲ GoodMajor
Placement of 14.2m shares at A$0.17 to raise A$2.414m, to Maoming Fund, which rises from 14.30% to 19.98% once completed. Issued in two tranches, the second on 15 October 2009. No commission payable. Funds are for working capital and exploration.
What it means for a shareholder
14.2m new shares at A$0.170 to raise about A$2.4m. That's 23% dilution: every existing holder's slice gets 23% smaller. If you held A$1,000 of shares (5,882 at the issue price), your slice goes from 0.0121% to 0.00938% of the company. To keep it you'd need 1,722 more shares - about A$293 at the issue price.
Create a free account to see this worked out for your own holding.
17 Aug 2009capital raising announcement● NeutralMajor
The company secured an A$10m equity line of credit with Yorkville Advisors. It may issue shares over 60 months at prices tied to the market price, with a 4% commission on each advance. Drawdowns would dilute holders. Cash was €2.3m at June.
1 May 2007capital raising announcement● Neutral
A further 27,500 shares are issued to Heritage holders, taking the total to 29,686,059 shares (94.21% of Heritage). Compulsory acquisition is still expected in May. Routine takeover settlement.
24 Apr 2007capital raising announcement● Neutral
A further 41,112 shares are issued to Heritage holders, taking the total to 29,658,559 shares (94.13% of Heritage). Compulsory acquisition is still expected in May. Routine takeover settlement.
18 Apr 2007capital raising announcement● Neutral
A further 2,750 shares are issued to Heritage holders, taking the total to 29,617,447 shares (94% of Heritage). Compulsory acquisition is still expected in May. Routine settlement of takeover consideration.
5 Apr 2007capital raising announcement● Neutral
A further 1,548,871 shares are issued to Heritage holders, taking consideration shares to 29,614,697, covering 94% of Heritage. Statutory compulsory acquisition notices have been sent to holders yet to accept, with completion expected in May.
20 Feb 2007capital raising announcement● Neutral
European Gas issues a further 1,675,040 shares and 1,546,769 unlisted options to Heritage holders who accepted the offer. This is takeover consideration, not a cash raising.
1 Feb 2007capital raising announcement● Neutral
European Gas issues 26,390,786 new shares to Heritage holders who accepted by 30 January. Further issues will be announced as more acceptances come in. This is the share consideration for the takeover, not a cash raising.
16 Mar 2006capital raising announcement▲ GoodMajor
European Gas agrees a placement of 21.0 million shares at $0.65 to raise A$13.65 million before costs, mainly from European institutions. Funds go to the European coal bed and coal mine methane projects, acquisitions and working capital.
What it means for a shareholder
21.0m new shares at A$0.650 to raise about A$13.7m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
