Past year: ▼ 62%(2.10c – 5.50c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
14 Dec 2010capital raising announcement● Neutral
Cover letter to securityholders for the rights issue: about 16.0 million shares at 8.5c, record date 22 December 2010, closing 24 January 2011, underwritten by Novus. Proceeds are for debt repayment, technology review and working capital. Repeats the prospectus terms.
13 Dec 2010capital raising announcement● Neutral
Prospectus lodged for the underwritten rights issue: 2 new shares for every 3 held (2 for every 12 partly paid) at 8.5c, raising about $1.36 million, closing 24 January 2011. The chairman says funds will retire debt and fund the technology review.
15 Oct 2010capital raising announcement● NeutralMajor
Greenvale signed a mandate with Novus Capital to fully underwrite a rights issue of 2 new shares for every 3 held at 8.5c, raising up to about $1.36 million. Proceeds go to reducing debt and working capital, following the 7c $500k placement.
30 Apr 2010capital raising announcement▲ GoodMajor
After March 2010 quarter, Greenvale agreed with Novus Capital to raise $500,000 via a placement of 7,142,858 shares at 7c, for working capital. First 2,190,000 shares come shortly; the rest needs shareholder approval. Testing at the technology provider is delayed by a burner part.
What it means for a shareholder
7.1m new shares at A$0.070 to raise about A$500,000. That's 33% dilution: every existing holder's slice gets 33% smaller. If you held A$1,000 of shares (14,286 at the issue price), your slice goes from 0.0976% to 0.0656% of the company. To keep it you'd need 6,971 more shares - about A$488 at the issue price.
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23 July 2007capital raising announcement● Neutral
Directors extended to 21 January 2008 their discretion to place options not taken up in the 1-for-2, 40-cent options rights issue. This suggests some options were left unsubscribed (inference); no take-up figures given.
2 Feb 2007capital raising announcement● Neutral
Rights issue closing date extended again to 20 February 2007, after the share registry sent incorrect entitlement forms to some shareholders. Options expected to trade from 1 March. Administrative.
22 Jan 2007capital raising announcement● Neutral
Rights issue timetable extended after complaints from overseas shareholders. Closing date moves to 13 February 2007, with options expected to trade from 23 February. Administrative.
12 Jan 2007capital raising announcement● Neutral
Prospectus for the renounceable options issue (one for two at 40 cents), aiming to raise about $4.36 million. Options are described as speculative. Formalises the 22 December announcement; the text provided is truncated.
22 Dec 2006capital raising announcement● NeutralMajor
Greenvale announces a renounceable rights issue of one option for every two shares at 40 cents per option, about 10.9 million options, not underwritten. Options are exercisable at a further 30 cents between January 2010 and December 2011. Funds go to the INL technology, oil extraction research and bulk sampling.
7 Mar 2006capital raising announcement▲ GoodMajor
Greenvale issued 2,244,000 shares at 42 cents to clients of Westchester Corporate Finance, raising $942,480 with a 5% brokerage fee. Funds go to research and development with a Canadian environmental group on oil shale uses. Contributing shares can convert to fully paid at 15 cents.
What it means for a shareholder
2.2m new shares at A$0.420 to raise about A$942,480. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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16 Feb 2006capital raising announcement▲ GoodMajor
Greenvale placed 600,000 shares at 42 cents to clients of Martin Place Securities, raising about $250,000 (later reported as $252,000), with a 5% brokerage fee. Funds go to research with a Canadian group on mixing oil shale with coal to cut CO2, with first trials planned on Alpha oil shale.
What it means for a shareholder
600,000 new shares at A$0.420 to raise about A$252,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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