Each one in plain English, with the numbers worked through for a shareholder.
5 May 2021capital raising announcement▲ GoodMajor
Octanex raised $750,000 from a placement of 15M shares at 5 cents, with one free option for every two shares (7.5c, expiring April 2023). Funds go to Sefton exploration. Shares on issue rise to 257.8M, following the cash of $311k at March.
What it means for a shareholder
15.0m new shares at A$0.050 to raise about A$750,000. That's 5.2% dilution: every existing holder's slice gets 5.2% smaller. If you held A$1,000 of shares (20,000 at the issue price), your slice goes from 0.00733% to 0.00695% of the company. To keep it you'd need 1,100 more shares - about A$55 at the issue price.
Director Guglielmo's entity bought 3,000,000 shares at $0.10 each (about $300,000) via the trustee share scheme, a premium to market. This adds cash to Octanex.
A company associated with chairman Albers paid $720,000 to fully pay 7.2M partly paid shares (10c each). Partly paid shares fall to 67,078,910; fully paid rise to 232,465,561. No call before Ophir first oil or 31 Dec 2018.
30 Oct 2014capital raising announcement▲ GoodMajor
Octanex signed non-binding term sheets with Sabah International Petroleum (SIP): 40,332,663 shares for US$5m (about A$0.14), US$12m convertible notes, and a US$12m bridge loan to 31 March 2015. SIP gets two board seats and 21% of listed shares. Needs shareholder approval.
Peak's revised offer booklet for its fully underwritten (by Octanex) 2-for-5 rights issue at 1 cent, raising about $1.943m, with a timetable change. Record date 6 January 2014. Merger terms with Octanex remain to be settled in Q1 2014.
All 2,068,149 forfeited partly paid shares sold at auction, mostly at 10.5c, raising $217,496. With the earlier call payments, the 10c call is now 100% paid, raising $7,520,191 in total; the shares are paid to 15c.
20 Jan 2012capital raising announcement▲ GoodMajor
The 10c call was paid on 70,664,272 partly paid shares (about 94%), raising $7,066,427; those shares are now paid to 15c and trade as OXXCB. The 4,537,637 unpaid shares are forfeited and go to auction on 9 February 2012.
16 Nov 2010capital raising announcement▲ GoodMajor
The 1-for-4 partly paid rights issue closed fully subscribed, raising $2,167,057 before costs from 43,341,151 shares at 25c (5c paid). Applications exceeded the small shortfall. A further 20c per share remains callable in 2011 and 2012.
What it means for a shareholder
43.3m new shares at A$0.250 to raise about A$10.8m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Rights issue prospectus mailed to shareholders on 22 October, with the same terms: 1 for 4 at 25c partly paid, closing 15 November. It repeats the 24 September document, with the closing time shown as AEDT.
Sample entitlement and acceptance form for the rights issue: 1 share for every 4 held at 25c, 5c payable on application, closing 15 November 2010. Administrative document with no new information.
20 Oct 2010capital raising announcement▲ GoodMajor
28.94m of 32.9m listed options (about 89%) were exercised by the 18 Oct record date, raising $1.49m; most paid only 5c. This may lift the rights issue by up to 7.23m shares to about 43.3m. The remaining 3.96m options expire 31 Dec.
What it means for a shareholder
7.2m new shares at about A$0.2061 to raise about A$1.5m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Full rights issue prospectus lodged: about 36.1m partly paid shares at 25c, up to $1.8m initially and $9.0m if fully paid. Not underwritten, Patersons lead manager. Closes 15 Nov 2010. Repeats the 22 September terms.
Letter to shareholders outside Australia and New Zealand: the rights issue will not be offered to them. Patersons will try to sell their entitlements and forward any proceeds. The prospectus was lodged 24 September 2010. Administrative notice.
Letter to securityholders restating the 1-for-4 partly paid rights issue at 25c (5c now, 10c by Dec 2011, 10c by Dec 2012). Up to $1.81m initially, $9.03m if fully paid; initial funds go to the Kakapo 3D survey and costs. Closes 15 Nov.
Octanex announces a renounceable rights issue of one partly paid share per four held at 25c, with 5c payable now and 10c calls in Dec 2011 and Dec 2012. About 36.1m shares would raise about $1.8m initially, $9.0m if fully paid. Not underwritten.
15 Oct 2009capital raising announcement● NeutralMajor
Prospectus for a placement of up to 1,000,000 shares at $0.30 to raise up to $300,000, issued mainly to qualify Octanex for admission to the ASX Official List. Not underwritten, no minimum subscription.
What it means for a shareholder
1.0m new shares at A$0.300 to raise about A$300,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
