Each one in plain English, with the numbers worked through for a shareholder.
11 Feb 2013capital raising announcement● Neutral
Tranche 1 of the January placement completed: 17.875M shares issued at 8 cents, raising $1.43M for working capital. Total shares now 106.875M. Tranche 2, which includes director participation, still needs shareholder approval.
What it means for a shareholder
17.9m new shares at A$0.080 to raise about A$1.4m. That's 69% dilution: every existing holder's slice gets 69% smaller. If you held A$1,000 of shares (12,500 at the issue price), your slice goes from 0.156% to 0.0483% of the company. To keep it you'd need 27,930 more shares - about A$2,234 at the issue price.
Additional 3.375M shares at 8 cents ($270,000) accepted from director Carl Coward or his nominee, lifting the total raise to $2M. It joins tranche 2 and needs shareholder approval.
Placement of 21.625M shares at 8 cents to raise $1.73M, well below the 22 cent 2011 raise. Tranche 1 (17.875M shares, $1.43M) issues now; tranche 2 (3.75M shares, $300K) needs shareholder approval for director participation, with a meeting proposed for March 2013.
22 Nov 2011capital raising announcement▲ GoodMajor
Offer closed with applications for 52.5 million shares at 22 cents with a free option, raising $11.55M, within the $11-16.5M range. Allotment is on 23 November. The Kinney asset purchase is still targeted to close by 1 December 2011.
What it means for a shareholder
52.5m new shares at A$0.220 to raise about A$11.6m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Applications of over $11M received for the raising. Completion of the Kinney acquisition still needs the Carbon Resources purchase to close and its US bankruptcy court to approve or dismiss the case. Closing is due by 1 December 2011.
3 Nov 2011capital raising announcement● NeutralMajor
Re-compliance prospectus offering up to 75 million shares at 22 cents with a free option at 20 cents, raising up to $16.5M. It is conditional on shareholders approving the Kinney acquisition at the 9 November 2011 meeting. Shares stay suspended until ASX approves re-listing.
The option issue closed with 20,500,000 options issued, exercisable at $0.20 until 31 December 2014. Existing shareholders took up 80.7% and the shortfall was placed, completing the roughly $205,000 raising.
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.
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.
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.
