18 Jan 2012other● Neutral
Sunbird Energy was admitted to the ASX Official List on 18 January 2012, with quotation of 50,249,998 ordinary shares (code SNY) to start the next day. Administrative step following the IPO.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
18 Jan 2012other● Neutral
Pre-quotation disclosure checklist from ASX covering shareholder lists, escrow, completion of the Greatways and Pretzavest deals, and governance policies. Administrative; the substance appears in the separate documents.
18 Jan 2012other● Neutral
Company constitution adopted by shareholders on 12 October 2011, lodged as part of listing paperwork. Administrative document with no new developments.
18 Jan 2012asset acquisition disposition▲ GoodMajor
Sunbird confirmed completion of its acquisitions: 74% of Pretzavest 37 (South African coal bed methane projects) and 100% of Greatways Holdings (Botswana). Botswana licences 028, 029 and 030/2010 expire 31 December 2012.
18 Jan 2012other● Neutral
Statement of restricted securities: shares and options held in escrow for 12 or 24 months from listing. Administrative disclosure; figures in the table are partly unclear.
18 Jan 2012other● Neutral
Top 20 holder list and spread of holdings before quotation. Salt Minerals Investments holds 40,000,000 shares (40.00%) of 100,000,000 shares on issue; the top 20 hold 67.86%.
5 Dec 2011capital raising announcement● NeutralMajor
Sunbird Energy (the company later known as Invictus) issued a replacement prospectus for an IPO raising $9,000,000 via 45,000,000 shares at $0.20 each, ahead of an ASX listing. The prospectus itself calls the shares speculative.
What it means for a shareholder
45.0m new shares at A$0.200 to raise about A$9.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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