Past year: ▲ 75%(4.40c – 10.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
27 Sept 2021capital raising announcement● NeutralMajor
HPR completed an oversubscribed placement of up to 20m shares at $0.04 to raise $800,000, a 23.1% discount to the last price of $0.052. Directors take $110,000 of it, subject to AGM approval. Proceeds may pay down some of the Macquarie debt and the rest bolsters working capital.
17 Oct 2018capital raising announcement● NeutralMajor
HPR raised $1.25m at $0.05 per share (25m shares) via placement, resolving the raising flagged on 15 October. Directors take 2.9m shares ($145k) subject to AGM approval. Funds may repay part of the Planet Gas debt and strengthen the balance sheet.
9 Apr 2014capital raising announcement▲ GoodMajor
Torrens closes its prospectus offer having raised $6m, including $2m of oversubscriptions, which meets the $4m minimum condition of the Phoenix bid. Acceptances stand at 97.6%; the offer is extended to 29 April 2014 while ASX re-admission approval is awaited.
18 Feb 2014capital raising announcement● Neutral
Re-lodged prospectus for the same raise of up to $4m at $0.25 a share, now including the solicitors' and investigating accountant's reports left out of the 17 February version. No change to terms.
17 Feb 2014capital raising announcement● NeutralMajor
Torrens issues a prospectus to raise up to $4m (minimum $2m) at $0.25 a share, with 2 free options per 5 shares, plus up to $2m oversubscriptions. It also offers AGL up to 13,916,950 shares under its top-up right. All of it depends on the Phoenix bid going unconditional, shareholder approval and ASX re-admission.
25 July 2012capital raising announcement● Neutral
AGL takes up 1,172,084 shares at $0.05 to hold its 9.99% stake, completing the second tranche left open in the February AEW placement. The text gives the amount as both $58,604 and $56,604.20; the share count and price imply about $58,604.
What it means for a shareholder
1.2m new shares at A$0.050 to raise about A$58,604. That's 1.2% dilution: every existing holder's slice gets 1.2% smaller. If you held A$1,000 of shares (20,000 at the issue price), your slice goes from 0.021% to 0.0207% of the company. To keep it you'd need 246 more shares - about A$12 at the issue price.
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27 Feb 2012capital raising announcement▲ GoodMajor
Placement of 11,732,568 shares at $0.05 to AEW Capital Trust (12.1%) to raise $586,628, with AEW's Anthony Wooles joining the board. The second tranche of 1,172,084 shares depends on AGL not exercising its top-up right.
What it means for a shareholder
11.7m new shares at A$0.050 to raise about A$586,628. That's 16% dilution: every existing holder's slice gets 16% smaller. If you held A$1,000 of shares (20,000 at the issue price), your slice goes from 0.0314% to 0.0265% of the company. To keep it you'd need 3,686 more shares - about A$184 at the issue price.
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13 Sept 2011capital raising announcement▲ GoodMajor
The entitlement issue closed with about 62% take-up, raising about $594,000. The 8,019,424-share shortfall was placed to raise a further $361,000, bringing the total to roughly the targeted $955,000.
12 Aug 2011capital raising announcement● Neutral
Offer document for the 1-for-3 entitlement issue at 4.5 cents, up to $954,943, fully underwritten by Cygnet Capital. Directors Canaris, Eiszele and McLaughlin are partial sub-underwriters. Offer runs 25 Aug to 8 Sep 2011. Details of the already announced raise.
2 Aug 2011capital raising announcement● NeutralMajor
Plans a 1-for-3 non-renounceable entitlement issue at $0.045 per share to raise about $954,942, underwritten by Cygnet Capital (21,220,947 new shares). Funds are for maintaining geothermal projects, reviewing resource opportunities and working capital. Follows cash of $3.29m in March.
What it means for a shareholder
21.2m new shares at about A$0.045 to raise about A$954,942. That's 25% dilution: every existing holder's slice gets 25% smaller. If you held A$1,000 of shares (22,222 at the issue price), your slice goes from 0.0349% to 0.0262% of the company. To keep it you'd need 7,407 more shares - about A$333 at the issue price.
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16 Apr 2010capital raising announcement▲ Good
AGL subscribed for 776,710 shares at $0.25 ($194,177.50) to keep its 9.99% stake after the March option exercise, lifting cash to over $4m. Follows the ~$1.7m option raise.
What it means for a shareholder
776,710 new shares at A$0.250 to raise about A$194,178. That's 1.2% dilution: every existing holder's slice gets 1.2% smaller. If you held A$1,000 of shares (4,000 at the issue price), your slice goes from 0.00636% to 0.00628% of the company. To keep it you'd need 49 more shares - about A$12 at the issue price.
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9 Apr 2010capital raising announcement● NeutralMajor
The March 2010 option exercise raised about $1.7m, with roughly 25% of listed $0.25 options exercised; the rest expired on 31 March. Cash is now $3.9m. The $7m grant is described as conditional; AGL retains its first right to earn 50%.
30 Mar 2007capital raising announcement▲ GoodMajor
Torrens Energy listed on the ASX after closing its $6 million IPO (30 million shares at 20c) early and heavily oversubscribed. It holds 14 geothermal licences near Adelaide, with exploration drilling planned for the September 2007 quarter.
What it means for a shareholder
30.0m new shares at A$0.200 to raise about A$6.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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5 Mar 2007capital raising announcement● NeutralMajor
Torrens Energy issued a prospectus to raise $6 million by offering 30 million shares at 20 cents, with one free listed option per two shares. It is a hot fractured rock geothermal explorer; this is the IPO that precedes its ASX listing.
What it means for a shareholder
30.0m new shares at A$0.200 to raise about A$6.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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