Each one in plain English, with the numbers worked through for a shareholder.
9 May 2019capital raising announcement● NeutralMajor
Completed a $204,134 placement of 34.0m shares at 0.6c to sophisticated investors introduced by the board. Funds are for new opportunities, DMIRS obligations and working capital. Shares on issue rise to 822.1m, after cash had fallen to about $64,000.
What it means for a shareholder
34.0m new shares at A$0.006 to raise about A$204,134. That's 4.5% dilution: every existing holder's slice gets 4.5% smaller. If you held A$1,000 of shares (166,667 at the issue price), your slice goes from 0.0233% to 0.0222% of the company. To keep it you'd need 7,910 more shares - about A$47 at the issue price.
22 June 2018capital raising announcement▲ GoodMajor
Completed a $429,851 placement of 71.6m shares at 0.6c to sophisticated investors introduced by the board, taking shares on issue to 788.1m. Funds are for new opportunities, DMP obligations and working capital. It follows the December 2016 rights issue at 0.4c.
What it means for a shareholder
71.6m new shares at A$0.006 to raise about A$429,851. That's 9.1% dilution: every existing holder's slice gets 9.1% smaller. If you held A$1,000 of shares (166,667 at the issue price), your slice goes from 0.0233% to 0.0212% of the company. To keep it you'd need 16,657 more shares - about A$100 at the issue price.
23 Dec 2016capital raising announcement▲ GoodMajor
The rights issue closed 20 December, raising $955,224. Shareholders took up only $83,542 and the shortfall offer $72,664, so Huizhou underwrote $799,018, about 84%. 238.8m shares are to be issued on 29 December. Funds are for working capital and reviewing opportunities.
What it means for a shareholder
239m new shares at about A$0.004 to raise about A$955,224. That's 25% dilution: every existing holder's slice gets 25% smaller. If you held A$1,000 of shares (249,994 at the issue price), your slice goes from 0.0349% to 0.0262% of the company. To keep it you'd need 83,329 more shares - about A$333 at the issue price.
Letter to eligible shareholders on how to take up the rights issue at 0.4c per share, with offers closing 20 December 2016. It restates the terms and the shortfall offer; those who do nothing are diluted.
Notice to shareholders with registered addresses outside Australia and New Zealand that they are ineligible for the rights issue. They need take no action and will be diluted.
Letter to optionholders on the rights issue: options give no entitlement unless exercised before the 6 December record date. It states the underwriter's fee of 4% of funds raised and about 716.4m shares on issue after the offer.
Prospectus for the $955,224 rights issue (1-for-2 at 0.4c), underwritten by Huizhou. It formalises the terms already announced. The text provided is truncated, so no further detail is available.
30 Nov 2016capital raising announcement● NeutralMajor
Launches a 1-for-2 non-renounceable rights issue at 0.4c per share to raise up to $955,224, fully underwritten by Huizhou, an entity controlled by Chairman Song. This is the long-delayed rights issue, now at a 25% discount to the 30-day VWAP; it issues 238.8m shares. Non-participants are diluted.
What it means for a shareholder
239m new shares at about A$0.004 to raise about A$955,224. That's 38% dilution: every existing holder's slice gets 38% smaller. If you held A$1,000 of shares (249,994 at the issue price), your slice goes from 0.0647% to 0.04% of the company. To keep it you'd need 154,591 more shares - about A$618 at the issue price.
Huizhou placement completed: 91,442,400 shares issued at 1c, raising about $914,000 and lifting shares on issue to 477.6m, with Huizhou at 19.15%. Huizhou can appoint up to two directors; six-month standstill applies. Resolves the 24 November agreement.
What it means for a shareholder
91.4m new shares at A$0.010 to raise about A$914,000. That's 19% dilution: every existing holder's slice gets 19% smaller. If you held A$1,000 of shares (100,000 at the issue price), your slice goes from 0.0259% to 0.0209% of the company. To keep it you'd need 23,679 more shares - about A$237 at the issue price.
24 Nov 2015capital raising announcement▲ GoodMajor
Chinese company Huizhou Energy signs to buy 91.4m shares at 1c ($914k), becoming largest holder with 19.15%, followed by a 1-for-3 rights issue of up to $1.6m that Huizhou underwrites. Huizhou is to help find a farm-in partner for the Western Australian assets; no guarantee given.
What it means for a shareholder
91.4m new shares at A$0.010 to raise about A$914,000. That's 19% dilution: every existing holder's slice gets 19% smaller. If you held A$1,000 of shares (100,000 at the issue price), your slice goes from 0.0259% to 0.0209% of the company. To keep it you'd need 23,668 more shares - about A$237 at the issue price.
Elixir Petroleum, in which New Standard holds 13.7%, is raising about $1.85m at 1.2c per share via a fully underwritten entitlements issue. New Standard will take up its rights and sub-underwrite $750k, which could lift its stake to as much as 28.2%.
The SPP shortfall is placed with institutional and sophisticated investors: about 7.2m shares at 30c to raise $2.16m. It does not use up the 15% placement capacity. Completes the October raising; settlement expected 3 February.
What it means for a shareholder
7.2m new shares at A$0.300 to raise about A$2.2m. That's 2.5% dilution: every existing holder's slice gets 2.5% smaller. If you held A$1,000 of shares (3,333 at the issue price), your slice goes from 0.00117% to 0.00114% of the company. To keep it you'd need 84 more shares - about A$25 at the issue price.
Share purchase plan closed with $1.838m of applications accepted (6.125m shares at 30c, issue 5 Dec). Up to 7.208m shortfall shares may be placed at 30c, subject to the 1 Dec meeting. Less than the $4.0m SPP maximum.
What it means for a shareholder
6.1m new shares at A$0.300 to raise about A$1.8m. That's 3.0% dilution: every existing holder's slice gets 3.0% smaller. If you held A$1,000 of shares (3,333 at the issue price), your slice goes from 0.00167% to 0.00162% of the company. To keep it you'd need 102 more shares - about A$31 at the issue price.
26 Oct 2011capital raising announcement▲ GoodMajor
NSE launches a $27.0m raising at 30c: a $23.0m placement (29.0m shares for $8.7m now, 47.7m for $14.3m needing shareholder approval ~1 Dec) plus a $4.0m share purchase plan. Funds Merlinleigh and other WA shale and tight gas projects. Pro forma cash ~$30m.
What it means for a shareholder
29.0m new shares at about A$0.7931 to raise about A$23.0m. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held A$1,000 of shares (1,261 at the issue price), your slice goes from 0.00063% to 0.00055% of the company. To keep it you'd need 183 more shares - about A$145 at the issue price.
Letter to shareholders explaining the $6.5m raising and the share purchase plan of up to $15,000 each at the placement price. It repeats the shale gas and US strategy. Directors intend to join the second tranche, subject to approval.
NSE issued tranche one of its placement: 13.7m shares at 14.5c, raising $2.0m. The remaining 17.3m shares ($2.5m) await shareholder approval at a 6 September meeting. Includes the standard notice allowing the new shares to be resold.
What it means for a shareholder
13.7m new shares at A$0.145 to raise about A$2.0m. That's 12% dilution: every existing holder's slice gets 12% smaller. If you held A$1,000 of shares (6,897 at the issue price), your slice goes from 0.0068% to 0.00599% of the company. To keep it you'd need 931 more shares - about A$135 at the issue price.
22 July 2010capital raising announcement▲ GoodMajor
NSE is raising $6.5m: a $4.5m placement of 31.0m shares at 14.5c, plus a $2.0m share purchase plan underwritten by Euroz. Funds go to Australian shale exploration, US drilling and working capital. Tranche two ($2.5m) needs shareholder approval. This addresses the thin cash position.
What it means for a shareholder
31.0m new shares at A$0.145 to raise about A$4.5m. That's 23% dilution: every existing holder's slice gets 23% smaller. If you held A$1,000 of shares (6,897 at the issue price), your slice goes from 0.0068% to 0.00521% of the company. To keep it you'd need 2,108 more shares - about A$306 at the issue price.
18 July 2008capital raising announcement▲ GoodMajor
The raising closed oversubscribed, and Hawk intends to accept the full $1m of oversubscriptions on top of the $6.5m minimum, giving about $12m cash after settlement. Hawk shareholders approved the merger on 18 July; re-listing is targeted for late July.
The closing date for the priority offers to ARC and Hawk shareholders is extended from 7 July to 11 July 2008 because of printing and despatch delays for hard-copy prospectuses. All other timetable dates stay the same.
18 June 2008capital raising announcement● NeutralMajor
Hawk lodges the prospectus for the NSE merger: 32.5m shares at $0.20 to raise $6.5m, with up to a further $1m from 5m oversubscription shares. Proposed directors include Gordon Hill as chair and Sam Willis, with Cygnet Capital as lead manager.
What it means for a shareholder
32.5m new shares at A$0.200 to raise about A$6.5m. That's 53% dilution: every existing holder's slice gets 53% smaller. If you held A$1,000 of shares (5,000 at the issue price), your slice goes from 0.0176% to 0.00822% of the company. To keep it you'd need 5,731 more shares - about A$1,146 at the issue price.
