Past year: ▼ 50%(0.10c – 0.30c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
17 Feb 2026capital raising announcement● NeutralMajor
Placement completed 9 Feb 2026: A$500,000 raised from 250m shares at 0.2c. A further 50m shares at 0.2c (A$50,000 equivalent) issued to advisers for facilitating the Dry Wash acquisition. Another thin, heavily dilutive raise after the 0.4c placement in 2024.
19 Sept 2024capital raising announcement▼ BadMajor
Rights issue closed 17 September 2024 with applications for 80.5m shares (A$321,881) plus 24.7m shortfall shares (A$98,679), about A$0.42m of up to A$1.05m. Remaining shortfall of 156.8m shares may be placed within three months.
29 Aug 2024capital raising announcement● Neutral
Prospectus dispatched and the 1-for-8 rights issue at 0.4c opens, raising up to A$1,047,624, closing 17 September 2024. Non-renounceable, so shareholders who do not take up are diluted. Funds mainly go to the Red Helium project and working capital.
21 Aug 2024capital raising announcement▼ BadMajor
Grand Gulf raised A$1.0m via a placement of 250m shares at 0.4c with one free option per four shares. It also launched a 1-for-8 rights issue at 0.4c to raise up to about A$1.05m, for the Red Helium project and working capital. The price is half the August 2023 raise of 0.8c.
What it means for a shareholder
250m new shares at A$0.004 to raise about A$1.0m. That's 11% dilution: every existing holder's slice gets 11% smaller. If you held A$1,000 of shares (250,000 at the issue price), your slice goes from 0.012% to 0.0108% of the company. To keep it you'd need 30,117 more shares - about A$120 at the issue price.
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21 Aug 2024capital raising announcement● Neutral
Target market determination for the free attaching options in the rights issue launched 21 August 2024 (1 option per 4 shares, 3-year term). Regulatory paperwork only; it says the options are highly speculative and adds no new figures or news.
10 Oct 2023capital raising announcement● Neutral
Target market determination for the options offered under a 10 October 2023 prospectus, tied to the August placement. Offers cover 100m placement options, 120m lead manager options and 5m to S3 Consortium. Administrative document with no new financing.
25 Aug 2023capital raising announcement● NeutralMajor
Grand Gulf raised A$3.2m via a placement of 400m shares at 0.8c, with one free option per four shares (2.5c, 3 years), to fund Jesse-3 and Jesse-1A work. Far below the 2.2c March placement. Tranche 2 (208m shares) needs shareholder approval.
What it means for a shareholder
400m new shares at A$0.008 to raise about A$3.2m. That's 19% dilution: every existing holder's slice gets 19% smaller. If you held A$1,000 of shares (125,000 at the issue price), your slice goes from 0.00746% to 0.00602% of the company. To keep it you'd need 29,846 more shares - about A$239 at the issue price.
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24 Mar 2023capital raising announcement● NeutralMajor
Placement of 113.6m shares at 2.2c raises A$2.5m, with 1-for-2 attaching options at 5c for 3 years plus 28.4m options to lead managers Euroz Hartleys and CPS. Funds are for working capital and long-lead production equipment, if Jesse-2 succeeds. Jesse-2 is drilling the intermediate section.
What it means for a shareholder
114m new shares at A$0.022 to raise about A$2.5m. That's 6.8% dilution: every existing holder's slice gets 6.8% smaller. If you held A$1,000 of shares (45,455 at the issue price), your slice goes from 0.00294% to 0.00274% of the company. To keep it you'd need 3,339 more shares - about A$73 at the issue price.
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20 Apr 2022capital raising announcement▲ GoodMajor
GGE raised A$11m via a placement of 250m shares at 4.4c, with one free option per three shares (83.3m options at 8c, 3 years, needing shareholder approval). Funds at least two wells. Well redesigned as Jesse#1A at about US$3.3m, spud late April.
What it means for a shareholder
250m new shares at A$0.044 to raise about A$11.0m. That's 16% dilution: every existing holder's slice gets 16% smaller. If you held A$1,000 of shares (22,727 at the issue price), your slice goes from 0.00177% to 0.00148% of the company. To keep it you'd need 4,428 more shares - about A$195 at the issue price.
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13 Sept 2021capital raising announcement▲ Good
GGE completed the first tranche of its placement: 95m shares at 1 cent, raising A$950,000 before costs, within existing placement capacity. Part of the A$3.3m raise funding the Kessel helium acquisition.
28 May 2019capital raising announcement▲ GoodMajor
GGE dispatched the Whitebark distribution: 383,749,392 WBE shares, worth 0.25c per GGE share at the 0.5c subscription price. 8.86m go to be sold for ineligible foreign holders; GGE keeps 6.25m. Options at 0.8c now exercise at 0.55c. Completes the return of value begun in March.
15 May 2019capital raising announcement● NeutralMajor
GGE completed its A$1.95m subscription for 390m Whitebark shares at 0.5c. Distribution to GGE holders (1 per 2 GGE shares, about 383.75m shares) slipped from 22 to 28 May 2019 because of fund transfer delays; record date unchanged. Resolves the suspension.
22 Mar 2019capital raising announcement▲ GoodMajor
GGE will subscribe A$1.95m for 390m Whitebark Energy shares at 0.5c, then give 383.75m to its shareholders in-specie, one WBE share per two GGE shares (0.25c per GGE share). Needs shareholder approvals. Signals a return of value while seeking a bigger project.
7 Sept 2011capital raising announcement▲ GoodMajor
Shortfall allotted, completing the entitlement offer: ~A$2.5m raised before costs via 623.3m shares at 0.4c with free options. Shares on issue now 3,739.8m. Funds go to La Posada and Abita completion, Lyons Point and West Klondike drilling, and repaying working capital loans.
What it means for a shareholder
623m new shares at A$0.004 to raise about A$2.5m. That's 14% dilution: every existing holder's slice gets 14% smaller. If you held A$1,000 of shares (250,000 at the issue price), your slice goes from 0.00668% to 0.00573% of the company. To keep it you'd need 41,667 more shares - about A$167 at the issue price.
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31 Aug 2011capital raising announcement● Neutral
The entitlement offer closed with shareholders taking up 352.8m shares (A$1.41m). The shortfall of 270.6m shares goes to the underwriters, who include directors' associates, under the underwriting agreements. That is about 57% of the offer taken up by holders.
28 July 2011capital raising announcement● Neutral
Shareholder letter on the 1-for-5 entitlement issue at 0.4c: up to 623.3m shares plus 311.65m free options (1.5c, exp 30 June 2013), ~A$2.49m. Restates the 27 July offer and use of funds; shares go ex-entitlement 29 July. Nothing new.
27 July 2011capital raising announcement● Neutral
Offer document for the 1-for-5 entitlement issue at 0.4c, up to ~623.3m shares, with one free option per two shares, raising ~A$2.49m, fully underwritten. It opens 8 August and closes 22 August 2011. This is the formal document for the raising announced 22 July.
What it means for a shareholder
623m new shares at about A$0.004 to raise about A$2.5m. That's 17% dilution: every existing holder's slice gets 17% smaller. If you held A$1,000 of shares (250,321 at the issue price), your slice goes from 0.00803% to 0.00669% of the company. To keep it you'd need 50,050 more shares - about A$200 at the issue price.
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22 July 2011capital raising announcement▲ GoodMajor
GGE buys 15.5% of the West Klondike prospect (spud expected October, ~US$660k initial cost) and launches a fully underwritten 1-for-5 rights issue at 0.4c to raise ~A$2.5m. D&L #3 is now at 2.6 mmcfd. 105m incentive options are proposed, subject to shareholder approval.
20 Apr 2011capital raising announcement● Neutral
Commitments for 85m shares at 0.6c with 42.5m free options, about A$0.5m, completing the 450m-share approval given at the 2 March meeting. Funds go to Thibodeaux #1, D&L #3, Abita and Desiree #1. Small top-up following the 0.5c placement.
What it means for a shareholder
85.0m new shares at A$0.006 to raise about A$500,000. That's 2.7% dilution: every existing holder's slice gets 2.7% smaller. If you held A$1,000 of shares (166,667 at the issue price), your slice goes from 0.0055% to 0.00535% of the company. To keep it you'd need 4,673 more shares - about A$28 at the issue price.
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1 Apr 2011capital raising announcement● Neutral
Placement completed: 364.05m shares issued at 0.5c for about A$1.8m, with 182.0m free options to follow once a cleansing prospectus is done. Issued shares now total 3.03bn. Confirms the 28 March placement.
What it means for a shareholder
364m new shares at A$0.005 to raise about A$1.8m. That's 16% dilution: every existing holder's slice gets 16% smaller. If you held A$1,000 of shares (200,000 at the issue price), your slice goes from 0.0106% to 0.00889% of the company. To keep it you'd need 38,593 more shares - about A$193 at the issue price.
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28 Mar 2011capital raising announcement▲ GoodMajor
Placement of 360m shares at 0.5c raises A$1.8m from sophisticated investors, with one free 1.5c option (expiry 30 June 2013) per two shares. Funds go to Thibodeaux #1, D&L #3, Desiree #1 and Napoleonville work, following the rights issue and A$6.5m debt elimination.
18 Mar 2011capital raising announcement▲ GoodMajor
Rights issue completed with all shortfall shares and options allotted, finishing the 1.08bn share offer. Working capital debt is settled, with A$3m converted to equity and the rest repaid or offset against underwriting. Thibodeaux #1 expected to spud late March.
8 Mar 2011capital raising announcement● NeutralMajor
Shareholders took up only 279.9m shares (A$1.4m) of the rights issue, leaving a shortfall of 800.8m shares to the underwriters. The take-up was about a quarter of the offer, so the underwriters carry most of the raising.
7 Feb 2011capital raising announcement● Neutral
Closing date of the 0.5c rights issue extended to 2 March 2011 from mid-February. The issue remains underwritten up to A$4.3m, so the capital raise is delayed rather than changed.
14 Jan 2011capital raising announcement● Neutral
Shareholder letter setting out the 1-for-1 entitlement issue at 0.5c: up to 1.08bn shares to raise about A$5.4m, with offer period running from 25 January. Funds go to La Posada, Napoleonville work and repaying loans. 553.7m debt-conversion shares need a February shareholder vote.
23 Dec 2010capital raising announcement● NeutralMajor
Raises A$840,000 by placing 140m shares at 0.6c with free options (options need shareholder approval). The rights issue grows to up to A$5.4m (1.08bn shares at 0.5c), underwritten up to A$4.3m, up from A$4.7m and A$3.9m.
What it means for a shareholder
140m new shares at A$0.006 to raise about A$840,000. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held A$1,000 of shares (166,667 at the issue price), your slice goes from 0.0177% to 0.0154% of the company. To keep it you'd need 24,804 more shares - about A$149 at the issue price.
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14 Dec 2010capital raising announcement● NeutralMajor
Replaces the October rights issue with a 1-for-1 issue at 0.5c to raise about A$4.7m, underwritten up to A$3.9m. Financiers convert 50% of debt to shares at 0.6c. Also buys 4.75% of La Posada (10.3 MMBL, 302 BCF most likely), first well due Feb-Mar 2011.
7 Oct 2010capital raising announcement● NeutralMajor
The entitlement issue is replaced: 4 shares for every 5 held at 1 cent, up to 752.6m shares to raise about A$7.5m, underwritten up to A$4m. Seaspin lends a further A$500,000 at 8%. Delays were due to uncertainty over blowout costs, which the Board believes will largely be insured.
28 Sept 2010capital raising announcement▼ Bad
The entitlement issue closing date is extended a third time, to 3 November 2010, with shares to be issued 8 November. No reason is given in this notice. Offer size and price are unchanged.
14 Sept 2010capital raising announcement● Neutral
Amends the 10 September timetable: the entitlement issue now closes 5 October 2010 rather than 4 October, with shares issued 8 October. A one-day correction; offer terms are unchanged.
