Each one in plain English, with the numbers worked through for a shareholder.
30 July 2026capital raising announcement● NeutralMajor
Firm commitments for an A$5.4m placement of about 180m shares at 3c, a 14% discount to last trade, well below November's 6.5c. Talent 10, linked to director Mgojo, takes A$3m (100m shares), subject to shareholder approval. Funds go to Phase 1 CNG, exploration drilling, permitting and a new CEO.
What it means for a shareholder
180m new shares at A$0.030 to raise about A$5.4m. That's 31% dilution: every existing holder's slice gets 31% smaller. If you held A$1,000 of shares (33,333 at the issue price), your slice goes from 0.00817% to 0.00567% of the company. To keep it you'd need 14,703 more shares - about A$441 at the issue price.
12 Nov 2025capital raising announcement● NeutralMajor
Firm commitments for a A$3.15m placement of 48.5m shares at 6.5c, a 9.7% discount to last trade, cornerstoned by Talent 10 (linked to new director Mgojo). Up to A$1m from director-related parties needs approval at the 28 November AGM. Funds go mainly to Phase 1a drilling.
What it means for a shareholder
48.5m new shares at A$0.065 to raise about A$3.1m. That's 11% dilution: every existing holder's slice gets 11% smaller. If you held A$1,000 of shares (15,385 at the issue price), your slice goes from 0.00377% to 0.00337% of the company. To keep it you'd need 1,828 more shares - about A$119 at the issue price.
12 June 2025capital raising announcement● NeutralMajor
Kinetiko raises about A$2.2m at 4c per share (20% below last trade), with a free option per share at 7c expiring June 2027. Directors take up to A$310k, subject to approval. A A$500k loan is also converted to shares. Follows cash falling to A$441k.
18 June 2024capital raising announcement▲ GoodMajor
Final result: 84,266,769 shares issued at $0.06, raising about $5,056,006, 99.99% of the maximum, correcting the earlier 97% figure. Entitlements took 65.76m shares; directors placed 18.51m shortfall shares. No shortfall remains, resolving that open thread.
What it means for a shareholder
84.3m new shares at A$0.060 to raise about A$5.1m. That's 17% dilution: every existing holder's slice gets 17% smaller. If you held A$1,000 of shares (16,667 at the issue price), your slice goes from 0.00408% to 0.00339% of the company. To keep it you'd need 3,441 more shares - about A$206 at the issue price.
The rights issue closed on 11 June 2024 with applications of about A$4.9m before costs, roughly 97% of the maximum. The funds support a five-well appraisal program, with the first well due in August 2024 and completion expected in Q1 2025.
Entitlement offer closing date extended to 11 June 2024 to give shareholders more time; shortfall applications still open. Shares to be issued 18 June. Administrative timetable change.
Offer documents for the 1-for-16 entitlement offer at $0.06 were sent to eligible shareholders; offer opened 23 May 2024 and closes 3 June. Administrative step with no new terms.
17 May 2024capital raising announcement● NeutralMajor
Rights trading began on a renounceable entitlement offer of up to 84,266,771 shares, one for every 16 held, at $0.06 to raise up to about $5.06m. Offer closes 3 June 2024. A new raising at a lower price than the 9c of 2023.
What it means for a shareholder
84.3m new shares at A$0.060 to raise about A$5.1m. That's 17% dilution: every existing holder's slice gets 17% smaller. If you held A$1,000 of shares (16,667 at the issue price), your slice goes from 0.00408% to 0.00339% of the company. To keep it you'd need 3,441 more shares - about A$206 at the issue price.
Clarifies the $6.5m Talent 10 raising (72,222,222 shares at 9c) and the steps to buy the rest of Afro Energy. Badimo holders will receive 495,482,590 adjusted consideration shares; completion is expected before 23 September 2023, giving 1.348bn shares.
What it means for a shareholder
72.2m new shares at A$0.090 to raise about A$6.5m. That's 15% dilution: every existing holder's slice gets 15% smaller. If you held A$1,000 of shares (11,111 at the issue price), your slice goes from 0.00272% to 0.00231% of the company. To keep it you'd need 1,966 more shares - about A$177 at the issue price.
Talent 10 Holdings committed to fund $6.5m by taking 72,222,222 sell-down shares at 9c, satisfying the last condition to buy the remaining 51% of Afro Energy from Badimo. Completion is expected within weeks; post-merger shares about 1.348bn. Resolves the $6.5m raising thread.
16 Dec 2022capital raising announcement▲ GoodMajor
Phefo Power exercised its option, raising A$2.95m at 9c a share through 32,802,220 new shares. This follows its A$5m October placement. Funds are for accelerated exploration; the option was for R35m (earlier noted as R30m).
What it means for a shareholder
32.8m new shares at about A$0.0899 to raise about A$3.0m. That's 7.4% dilution: every existing holder's slice gets 7.4% smaller. If you held A$1,000 of shares (11,119 at the issue price), your slice goes from 0.00272% to 0.00252% of the company. To keep it you'd need 894 more shares - about A$80 at the issue price.
10 Oct 2022capital raising announcement▲ GoodMajor
Kinetiko raised A$5m through a placement of 56.6m shares at 9c (3.2% below last close) from Phefo Power, already a shareholder since April. Phefo also gets an option over R30m of shares at 9c or higher, expiring 28 February 2023. Resolves the suspension.
What it means for a shareholder
56.6m new shares at A$0.090 to raise about A$5.0m. That's 12% dilution: every existing holder's slice gets 12% smaller. If you held A$1,000 of shares (11,111 at the issue price), your slice goes from 0.00272% to 0.00239% of the company. To keep it you'd need 1,541 more shares - about A$139 at the issue price.
2 June 2022capital raising announcement● NeutralMajor
Rights issue closed raising only A$1.7m (22.66m shares at 7.5c) against the ~A$3.1m target, though above the $1.5m minimum. With Phefo, total is about A$2.7m. Remaining shortfall is to be placed by 30 June.
What it means for a shareholder
22.7m new shares at A$0.075 to raise about A$1.7m. That's 5.3% dilution: every existing holder's slice gets 5.3% smaller. If you held A$1,000 of shares (13,333 at the issue price), your slice goes from 0.00327% to 0.0031% of the company. To keep it you'd need 740 more shares - about A$56 at the issue price.
Rights issue closing date extended 10 days to 30 May 2022 because postal delays meant many shareholders were still receiving the prospectus. New shares now due 6 June. Timetable change only.
Rights issue prospectus and entitlement forms sent to shareholders; the 1-for-15 offer at 7.5c (about $3.13m, $1.5m minimum) is open, closing 20 May 2022. Administrative step in the already announced raising.
Rights to the 1-for-15 entitlement offer at 7.5c began trading on ASX. Offer closes 20 May 2022 and rights trading ends 13 May. Administrative step in the already announced raising of about $3.13m.
Prospectus for the 1-for-15 renounceable rights issue at 7.5c, raising about $3.13m with a $1.5m minimum. Offer opens 5 May and closes 20 May 2022. Formal documentation of the raising already announced.
Kinetiko raises about A$4.1m: ZAR10m (30m shares) from South African investor Phefo Power, plus a 1-for-15 renounceable rights issue at 7.5c to raise up to A$3.1m, partially underwritten to $1.5m by Mahe Capital. Phefo also boosts BEE ownership.
What it means for a shareholder
30.0m new shares at about A$0.1033 to raise about A$3.1m. That's 6.8% dilution: every existing holder's slice gets 6.8% smaller. If you held A$1,000 of shares (9,677 at the issue price), your slice goes from 0.00237% to 0.00221% of the company. To keep it you'd need 711 more shares - about A$73 at the issue price.
2 July 2021capital raising announcement▲ GoodMajor
Kinetiko raised about $2.8m via a placement of roughly 28m shares at 10c, plus a Share Purchase Plan for up to $2.0m at the same price. Funds go to drilling and surveys, and the chair says the SPP helps complete the Afro Energy acquisition. First outside raising in over 4 years.
21 Jan 2021capital raising announcement▲ GoodMajor
Early exercise of 3c options raised $1.26m, about 81% of that option class, with about $287,000 possible from the rest. Funds are for well workovers, first CNG gas production, survey interpretation and core drilling. This delivers the option funding flagged in October.
3 Mar 2020capital raising announcement● NeutralMajor
The 2-cent entitlement offer closed with shareholders taking up 64,135,945 of 102,023,068 shares (about $1.28m), leaving a shortfall of 37,887,123 shares. The board will allocate shortfall applications in coming weeks. This is below the full $2.04m possible.
Supplementary prospectus extends the 50m-share, 2-cent placement closing date from 27 February to 30 April 2020. Only $58,000 of the $1m placement had been applied for so far. Other offer terms are unchanged.
Confirms the prospectus and acceptance forms for the 1-for-4, 2-cent entitlement offer were mailed to eligible shareholders on 7 February 2020. Administrative only.
Prospectus for the 2-cent entitlement offer (up to 102.0m shares, $2.04m) and up to 50m placement shares ($1m), dated 30 January 2020. It repeats the announced terms and also serves as a cleansing document. Describes the shares as highly speculative.
30 Jan 2020capital raising announcement● NeutralMajor
A 1-for-4 entitlement offer at 2 cents to raise up to about $2.04m, plus a placement of up to 50m shares at 2 cents for $1m. Funds go to Amersfoort exploration, meeting ASX requirements to lift the suspension, and working capital. Not underwritten; closes 27 February 2020.
What it means for a shareholder
50.0m new shares at A$0.020 to raise about A$1.0m. That's 11% dilution: every existing holder's slice gets 11% smaller. If you held A$1,000 of shares (50,000 at the issue price), your slice goes from 0.0123% to 0.0109% of the company. To keep it you'd need 6,126 more shares - about A$123 at the issue price.
12 Dec 2018capital raising announcement● NeutralMajor
The offer closed with applications for 40.07m shares, or $801,466, against a maximum of about 71.2m shares, leaving a shortfall of 31.2m shares. The board may place the shortfall within three months. Roughly 56% of the target was raised.
The entitlement offer closing date is extended from 22 November to 6 December 2018, which the company says is to ensure maximum acceptance after positive responses. Terms are unchanged.
Letter to eligible shareholders repeating the offer terms: 1 for 4 at 2 cents, up to $1.42m, with a shortfall facility. Rights are non-renounceable and cannot be traded, so unexercised entitlements lapse. No new substance.
Letter telling shareholders with addresses outside Australia and New Zealand that they are not eligible for the entitlement offer. Administrative only.
