5 May 2011capital raising announcement● Neutral
Letter to shareholders outlining the option entitlement issue: one option per share at $0.01, about 20.5 million options, raising about $205,000 for working capital, with a closing date of 30 May 2011.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
3 May 2011capital raising announcement● Neutral
Prospectus for a non-renounceable offer of one option per share held at $0.01 each, raising about $205,000 for working capital. Not underwritten. A small raising relative to the 2010 IPO.
25 Jan 2011half year report● Neutral
First interim report to 31 December 2010: loss of $28,770 since incorporation in June 2010. The company listed on ASX in October 2010 and holds 20% of the Mount Drysdale and Hora Bore projects, with farm-in rights to 80%.
20 Dec 2010other● Neutral
Policy document setting when directors and executives may not trade company shares, such as before reports and during offers. Administrative; no new business information.
30 Sept 2010capital raising announcement● NeutralMajor
New Horizon Minerals offers 10,000,000 shares at $0.20 to raise $2,000,000 in an IPO prospectus. It holds a 20% interest in the Mount Drysdale and Hora Bore projects in NSW, with rights to earn 80% by spending $1,000,000 over three years.
What it means for a shareholder
10.0m new shares at A$0.200 to raise about A$2.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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