Each one in plain English, with the numbers worked through for a shareholder.
25 Aug 2022capital raising announcement▲ GoodMajor
Hartshead completes an oversubscribed A$11m placement of 400,000,000 shares at A$0.0275, ending the 24 August suspension. Funds go to the Shell engineering study, geotechnical survey and FEED for Anning and Somerville. Directors take A$500,000, subject to approval. It will explore an AIM listing.
What it means for a shareholder
400m new shares at A$0.0275 to raise about A$11.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
24 Aug 2022capital raising announcement● NeutralMajor
At Hartshead's request, ASX suspended its shares from 24 August 2022 pending an announcement of a material capital raise, following a trading halt granted 22 August. No size or price is given yet. Cash was A$2.50m at 30 June.
Second cleansing prospectus for up to 1,000 shares at $0.025, issued only to allow secondary trading of the performance shares. It raises no meaningful money; offer closes 5 March 2021.
What it means for a shareholder
1,000 new shares at A$0.025 to raise about A$25. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Cleansing prospectus for up to 1,000 shares at $0.025, issued only so the acquisition consideration, placement and adviser shares can be traded freely. It raises no meaningful money; offer closes 3 February.
14 Oct 2019capital raising announcement▲ GoodMajor
Pura Vida Energy completed its entitlement issue, raising a total of $2,732,098 before costs. Holding statements were to be mailed to eligible shareholders that week.
Entitlement offer closed 4 October: applications covered 88.8m of 151.8m shares (A$1.60m). The remaining 63.0m shares (A$1.13m) are the shortfall, to be placed with the underwriter CPS, with issue expected 11 October.
Prospectus and entitlement forms sent to shareholders. Timetable now targets Gemini completion and board appointments on 20 September, with the offer closing 30 September and shares issued 7 October.
Supplementary prospectus: deadline for the Gemini deal's conditions is extended to 23 September 2019, though completion is still expected 16 September. If completion fails, directors will decide whether to extend or withdraw the offer.
Letter to optionholders explaining the A$2.73m offer. CPS gets 25m shares, 20m options at 4 cents and a 6% fee (A$223,926). Shares on issue would rise from 303.6m to 455.3m. About A$326k has been invested in UK private Hartshead Resources Ltd, which is applying for North Sea licences.
Letter to eligible shareholders on the A$2.73m, 1-for-2 entitlement offer at A$0.018, underwritten by CPS. Proceeds mainly fund the Polish work programmes (A$6.15m total). Repeats the prospectus; no new information.
Announces the fully underwritten 1-for-2 entitlement offer at A$0.018 to raise A$2.73m, record date 16 September and closing 30 September. Funds go to the Polish work programmes. It repeats the prospectus.
Prospectus for a 1-for-2 entitlement offer at A$0.018 to raise A$2.73m, fully underwritten by CPS. CPS also gets 25m shares and 20m options, and the company is to be renamed Ansila Energy. Two new directors join on completion.
What it means for a shareholder
25.0m new shares at about A$0.1092 to raise about A$2.7m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Letter telling partly paid shareholders how they take part in the A$2.73m offer, pro rata to the $0.01 paid, or by paying up in full ($0.19) before 16 September. Routine shareholder letter.
Letter telling shareholders with addresses outside Australia and New Zealand that they cannot take part in the A$2.73m entitlement offer. Routine notice.
16 July 2019capital raising announcement● NeutralMajor
Pura Vida completes a A$1m placement of 55,555,556 shares at A$0.018, the first part of funding the Polish earn-in. CPS Capital leads, with up to a 6% fee. Ambilobe farm-out continues, with a meeting with Madagascar's OMNIS planned for September.
What it means for a shareholder
55.6m new shares at A$0.018 to raise about A$1.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Rights issue closed with shareholders taking up only 19.1m of ~63.3m shares (about $516k). Professional investors committed to 100% of the 44.1m-share shortfall, completing the ~$2.7m total raising at $0.027 (with the February placement).
BPAY payment facility for the rights issue had technical problems over the Easter weekend; expected fixed by 3pm that day. Shareholders can contact the company secretary for other payment options. Administrative.
Rights issue closing date extended from 24 March to 1 April 2016, with no further extensions. Issue date moves to 8 April. Timing change only; terms unchanged at $0.027.
Offer document and acceptance forms for the one-for-three rights issue at $0.027 sent to eligible shareholders. Timetable unchanged: closes 24 March, shares issued 4 April. Repeats known terms.
Launches the one-for-three non-renounceable rights issue at $0.027, up to about 63.3m shares to raise about $1.7m. Record date 29 February, closing 24 March. Funds go to exploration (including new ventures), offer costs and working capital.
What it means for a shareholder
63.3m new shares at about A$0.0269 to raise about A$1.7m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Offer document for the one-for-three entitlement offer at $0.027 to raise up to about $1.7m, with an excess-share facility. Opens 2 March, closes 24 March. Repeats terms already announced.
Placement completed: 36.5m shares at $0.027 raised $986,640, diluting existing holders by 19%. Priced at a 10.5% discount to the 15-day VWAP; funds go to working capital. Hartleys and Advantage get 6% fees.
What it means for a shareholder
36.5m new shares at A$0.027 to raise about A$986,640. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Raising up to about $2.7m at $0.027 per share: a $987k placement plus a one-for-three entitlement offer for up to $1.7m. This is far below the $0.36 paid in the 2015 placement. Management says it follows value lost after the MZ-1 dry hole and low oil prices.
13 Feb 2015capital raising announcement● NeutralMajor
Pura Vida raised $4m through a placement of 11.15 million shares at $0.36, with Hartleys as lead manager. It said the MZ-1 well was on track to spud late in the quarter, and the placement was completed in one tranche under Listing Rule 7.1.
What it means for a shareholder
11.2m new shares at A$0.360 to raise about A$4.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Pura Vida raises $13.5m by placing 21.5m shares at $0.63, heavily overbid. Funds go to Nkembe farmout, Ambilobe seismic and working capital. Follows the $0.58 placement in September 2013.
What it means for a shareholder
21.5m new shares at A$0.630 to raise about A$13.5m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Pura Vida raised $7m through a placement of 12m shares at 58 cents, several times overbid. Funds go to progressing the Nkembe farmout, 2014 3D seismic preparation and working capital. Price is above May's $0.39 placement.
What it means for a shareholder
12.0m new shares at A$0.580 to raise about A$7.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
1 May 2013capital raising announcement● NeutralMajor
Pura Vida is raising $8m through a placement of 20.5m shares at $0.39, well below November's $0.70 placement. It also takes a $3-4m unsecured loan at 20% interest for up to 12 months, with 1.5-2m options at $0.60. Funds go to Nkembe and repaying the January short-term loan.
