Past year: ▼ 60%(0.20c – 0.50c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
24 Jan 2007capital raising announcement▲ GoodMajor
The option issue is completed: applications for 49.78M options received, with 36,954,588 options allotted to 973 applicants raising $369,545. 12.8M shortfall options are not yet allotted pending a policy decision. Raised about $498k including shortfall funds held, against a maximum of 52.2M options.
18 Dec 2006capital raising announcement● Neutral
Grandbridge, holding 14,096,754 MEC shares as bare trustee for its shareholders, intends to renounce its rights in the option issue to those shareholders. It plans to distribute the MEC shares in specie around 29 May 2007.
7 Dec 2006capital raising announcement● Neutral
Updated short form prospectus for the one-option-per-share entitlement issue at 1 cent, record date 14 December 2006, closing 17 January 2007. It relies on the March 2006 IPO prospectus for most disclosure. Raise size not stated in the text provided.
6 Dec 2006capital raising announcement● NeutralMajor
Short form prospectus for a renounceable entitlement issue of one option per share held, at 1 cent per option, with the record date 14 December 2006 and closing 17 January 2007. Raise size is not stated in the text provided.
29 Mar 2006capital raising announcement▲ GoodMajor
Supplementary prospectus: MEC has an option to invest in PEP 11, an offshore Sydney Basin permit, via a farm-in with Bounty Oil and Gas. The offer is a minimum 10,000,000 shares at 20 cents, with about $650,000 of applications received; listing is expected 9 May 2006.
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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29 Mar 2006capital raising announcement● NeutralMajor
MEC Resources' IPO prospectus offers shares in a Pooled Development Fund investing in energy and mineral explorers. The offer is not underwritten and is described as speculative. Terms are in the later supplementary prospectus.
