Past year: ▲ 65%(36.5c – 1.34 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
29 Jan 2025capital raising announcement● NeutralMajor
Renergen issued 7,376,433 shares (5% of capital) in a private placement at R5.33, a 10% discount to the 30-day average, bringing shares to 155,047,410. Proceeds go toward Phase 1C and working capital. Price is far below R11.87 in August 2024.
5 Feb 2024capital raising announcement▲ GoodMajor
All conditions are met for Mahlako Gas Energy's R550m (A$43.4m) investment for 5.5% of Tetra4, announced 27 December 2023; cash is to be settled to the company. Resolves that open thread and funds Phase 1/Phase 2 needs.
27 Dec 2023capital raising announcement▲ GoodMajor
Mahlako Gas Energy will invest R550m (A$43.4m) for 5.5% of Tetra4, leaving Renergen with 94.5%. Proceeds repay the Standard Bank bridge loan and fund Phase 2. Subject to conditions including DFC consents, due by 31 March (year per text truncated).
8 Feb 2023capital raising announcement● Neutral
Renergen launched an accelerated bookbuild to place 4.6m new shares (about 3.2% of shares) with South African institutions, using its existing 2022 AGM authority. Proceeds fund Phase 2 capital spending. Price to be set at book close.
8 Feb 2023capital raising announcement● NeutralMajor
Renergen placed 4.6m new shares at R24.00, a 6.5% discount to the R25.68 prior close (about R110m), with the book comfortably oversubscribed. Settlement was due 10 February 2023, and 12,879,180 shares had then been issued under the general authority.
1 Feb 2023capital raising announcement● NeutralMajor
Renergen is preparing a possible US IPO of ADSs on Nasdaq in 2023, having confidentially filed a draft Form F-1, and will seek shareholder approval to issue shares for cash for Phase 2. Size and price are undetermined; it may not proceed.
23 Nov 2022capital raising announcement● NeutralMajor
Placement of 4,365,670 shares raised R107.6m: CDIs at A$2.14 and ordinary shares at R24.64, a 10% discount to 30-day VWAP. Funds go to working capital, Phase 2 studies and helium start-up. Settles 28 November 2022; follows the March Ivanhoe placement.
15 Mar 2022capital raising announcement▲ GoodMajor
Ivanhoe Mines buys 5,631,787 shares at R35.625 (about A$3.24), raising R200.6m (A$18.3m) for a 4.35% stake. A 120-day due diligence could lead to a 25% holding, then an option to reach 55% via up to US$250m of equity for Phase 2.
25 June 2021capital raising announcement● NeutralMajor
Placement completed raising about A$10m: 2,453,328 CDIs at A$1.78 on ASX and 3,178,459 shares at R19.10 on JSE, 5,631,787 new shares in total. Funds go to Virginia exploration, Phase 2 feasibility studies and working capital. MST was lead manager.
What it means for a shareholder
2.5m new shares at A$1.78 to raise about A$4.4m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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29 Jan 2020capital raising announcement● NeutralMajor
The placement was scaled back at settlement to 4,791,667 CDIs at A$1.20, raising A$5.75m instead of A$6.72m. The company says this still covers the Tetra4 stake purchase, giving 100% of the Virginia Gas Project.
What it means for a shareholder
4.8m new shares at A$1.20 to raise about A$5.8m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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22 Jan 2020capital raising announcement▲ GoodMajor
Placement of 5.6m CDIs at A$1.20 to raise A$6.72m, a 4.7% discount to the 30-day VWAP. It replenishes cash used to buy the remaining Tetra4 stake, with the balance for exploring the December sandstone discovery.
What it means for a shareholder
5.6m new shares at A$1.20 to raise about A$6.7m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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