Each one in plain English, with the numbers worked through for a shareholder.
3 Dec 2008capital raising announcement● NeutralMajor
Victoria placed 48 million shares at 14 cents to raise $6.72m before costs, via ABN-AMRO Morgans. Funds go to accelerated Surat Basin CSG work, Cooper Basin oil development and working capital. The price is below the 18c quoted in late October.
What it means for a shareholder
48.0m new shares at A$0.140 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.
10 June 2008capital raising announcement▲ GoodMajor
Victoria places 41.75 million shares with Queensland Gas Company at 22.5 cents to raise $9.39 million for Surat Basin coal seam gas work. QGC becomes the largest shareholder at 19.24%, with gas marketing and technical advisory agreements.
What it means for a shareholder
41.8m new shares at A$0.225 to raise about A$9.4m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
The Share Purchase Plan's second and final allotment issued 1,015,371 shares at 13c, about $132,000. Issued shares now total 278,383,275. This completes the SPP that closed 31 January 2008.
What it means for a shareholder
1.0m new shares at A$0.130 to raise about A$132,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Greenearth Energy closed its IPO with commitments meeting the $10m minimum, with allotment expected 24 January and ASX listing early February 2008. Victoria describes its holding as a seed investment.
The closing date of the current Share Purchase Plan was extended to 14 January 2008 because of Christmas postal delays. No terms or amounts are given in this notice.
4 Dec 2007capital raising announcement● NeutralMajor
Victoria completed a placement of 32.5 million shares at 13c, raising $4.2m before costs, under a prospectus dated 20 November 2007. It follows the $5.6m raised at 20c in July 2007, at a lower price.
What it means for a shareholder
32.5m new shares at A$0.130 to raise about A$4.2m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Cover letter mailed 14 November to Victoria shareholders on their priority right to apply in the Greenearth Energy IPO ($15m, $8m priority with Lakes holders, closes 14 December). Nothing new beyond the prospectus already announced.
5 Nov 2007capital raising announcement● NeutralMajor
Greenearth lodged its prospectus for a $15m IPO at 30c a share, with $8m priority for Victoria and Lakes shareholders on the 12 November record date. The offer closes 14 December. Victoria expects to hold 5% after listing in January 2008.
Lakes Oil and Victoria announce Greenearth's prospectus for a $15m IPO (up to $20m with oversubscriptions, $10m minimum), with $8m priority for Lakes and Victoria shareholders at 12 November 2007. Closes 14 December. Repeats the Victoria announcement.
3 July 2007capital raising announcement▲ GoodMajor
Victoria completes its placement of 28 million shares at $0.20, raising $5.6m before costs, announced 12 June. Each two shares carry a free option, subject to shareholder approval at a general meeting in early August. This is a cash top-up after $3.2m at March.
What it means for a shareholder
28.0m new shares at A$0.200 to raise about A$5.6m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
27 Oct 2006capital raising announcement● NeutralMajor
Victoria proposed a share consolidation, saying the large share count distracted the market. If approved, it planned a free bonus option for every four shares held on 31 January 2007 (25c exercise, three years). It confirmed Wirraway-1 from early December and Tomcat-1 in December.
The Share Purchase Plan closing date is extended a third time, to 5:00pm WST on 25 September 2006 (previously 11 September). No reason or amount raised is given.
The closing date for the Share Purchase Plan (2.5 cents a share) is extended from 14 August to 28 August 2006. No reason is given and no total raised is stated.
11 July 2006capital raising announcement● NeutralMajor
Victoria offers a Share Purchase Plan to existing shareholders at 2.5 cents a share, a 7.4% discount, for $1,000-$5,000 each. It is not underwritten and closes 14 August; no total size is stated. Funds go to exploration and development in Australia and the USA.
