Past year: ▲ 27%(15.0c – 21.0c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
30 Oct 2023capital raising announcement● Neutral
Short-form prospectus allows the transfer of up to 1.009bn TMK shares and 504.5m TMK options to Talon holders in the in-specie distribution. It supports the Gurvantes sale, with the vote at a 1 December 2023 meeting. Mainly a procedural document.
6 Apr 2023capital raising announcement▲ Good
The share purchase plan closed oversubscribed, with A$2,265,425 in applications, all accepted in full. Shares are due to be issued on 13 April 2023. This completes the March raising, which also included the A$12M placement at A$0.145.
30 Mar 2023capital raising announcement● Neutral
ASX grants waivers allowing the A$2M share purchase plan to proceed less than 12 months after the March 2022 plan, without using placement capacity. Related parties can join without shareholder approval. Regulatory housekeeping on the existing raise.
14 Mar 2023capital raising announcement● Neutral
Cover letter opening the Share Purchase Plan: eligible shareholders can buy A$2,000 to A$30,000 of shares at A$0.145, closing 4 April 2023. Targets A$2M, with scale-back possible. Administrative; terms were announced on 3 March.
14 Mar 2023capital raising announcement● Neutral
SPP offer booklet repeating the terms: A$0.145 per share, A$2,000 to A$30,000, targeting A$2M. It confirms the 82,758,621 placement shares were issued on 13 March 2023. Funds go to Walyering and Perth Basin exploration.
3 Mar 2023capital raising announcement● NeutralMajor
Talon raises A$12M via a placement at A$0.145 (82.8m shares), plus an SPP of up to A$2M at the same price. It chose equity despite credit-approved debt terms. It also starts a strategic review of its 33% Gurvantes interest, possibly including a demerger.
9 Dec 2022capital raising announcement● Neutral
The A$12M placement is complete and funds received. Shares were issued under existing capacity, except Colby Hauser's A$50,000 (357,143 shares), which needs shareholder approval at a meeting expected in January 2023. A 6% fee was paid.
1 Dec 2022capital raising announcement● NeutralMajor
Talon has firm commitments for a A$12M placement of about 85.7M shares at A$0.14, a 9.7% discount to the last close. Proceeds fund the Gurvantes stage 2 commitment (~US$3.15M plus US$809,333 resource payment) and Walyering costs; debt talks continue.
25 May 2022capital raising announcement● Neutral
The share purchase plan closed with A$2.529m of applications, below the A$4m target, and all valid applications are filled in full. Shares are due to be issued on 27 May 2022.
6 May 2022capital raising announcement▲ Good
Talon completes the A$11m placement at A$0.008, scaling back applications on strong demand; lead managers get a 6% fee. Directors' 24.75m shares (A$198,000) need approval at a June meeting. Hauser expects enough data for a Walyering final investment decision in coming months.
5 May 2022capital raising announcement● Neutral
Talon dispatches offer documents for the A$4m share purchase plan at A$0.008 per share, up to A$30,000 per holder, closing 20 May 2022. Administrative step in the raising announced on 29 April.
29 Apr 2022capital raising announcement● NeutralMajor
Talon raises A$11m via placement of 1.375bn shares at A$0.008, a 20% discount to the last price, plus a A$4m share purchase plan. Proceeds fund its share of Walyering development and Mongolia work. CEO Hauser plans to invest A$150,000, subject to approval.
What it means for a shareholder
1.38bn new shares at A$0.008 to raise about A$11.0m. That's 16% dilution: every existing holder's slice gets 16% smaller. If you held A$1,000 of shares (125,000 at the issue price), your slice goes from 0.00178% to 0.00149% of the company. To keep it you'd need 24,470 more shares - about A$196 at the issue price.
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3 Feb 2021capital raising announcement▲ GoodMajor
Talon gets a binding offer to farm into 33% of the Gurvantes XXXV coal bed methane licence in Mongolia, a new country for the company. It raises A$5m at A$0.004 (about 1.25bn shares; A$1m tranche needs shareholder approval). Licence award is still pending.
23 July 2020capital raising announcement▲ GoodMajor
Talon has firm commitments for a A$5m placement of about 2.5bn shares at A$0.002, a 33% premium to the 20-day VWAP, with 1-for-2 free options at A$0.004. A$0.89m comes in the first tranche. The rest needs shareholder approval and would lift cash to about A$6.4m. It funds the Walyering farm-in.
What it means for a shareholder
2.50bn new shares at A$0.002 to raise about A$5.0m. That's 58% dilution: every existing holder's slice gets 58% smaller. If you held A$1,000 of shares (500,000 at the issue price), your slice goes from 0.0281% to 0.0117% of the company. To keep it you'd need 703,516 more shares - about A$1,407 at the issue price.
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9 Oct 2017capital raising announcement● NeutralMajor
Talon plans to raise up to A$1.9m by placing up to 633m shares at A$0.003, plus 90m options at A$0.005, with director Troy Harry taking A$300,000. Funds retire his A$300,000 debt and review MR Olmos. Subject to shareholder approval; Evans exits and Worner and Steinepreis join the board.
24 Apr 2015capital raising announcement▲ GoodMajor
Entitlement offer drew applications for 41.88m of 45.84m new shares (91.37%). Applications are capped and scaled back, and the underwriter takes the shortfall. Completes the roughly A$500,000 raise at A$0.012 announced 30 March.
30 Mar 2015capital raising announcement● Neutral
Letter to shareholders restating the entitlement offer: 2-for-9 at A$0.012 to raise about A$500,000, Trojan underwriting at no cost. Shares on issue rise from 206,272,533 to about 252.1m. Administrative notice of known terms.
30 Mar 2015capital raising announcement● Neutral
Information booklet for the 2-for-9 entitlement offer at A$0.012, fully underwritten by Trojan, closing 17 April per the booklet. Repeats the terms already announced on 30 March; no new facts in the excerpt.
30 Mar 2015capital raising announcement● NeutralMajor
Talon launches a fully underwritten 2-for-9 entitlement offer at A$0.012 to raise about A$500,000 after costs, about 46m new shares, for working capital. Trojan Investment Management underwrites it. A small-lot share sale facility is announced alongside.
What it means for a shareholder
46.0m new shares at about A$0.0109 to raise about A$500,000. That's 18% dilution: every existing holder's slice gets 18% smaller. If you held A$1,000 of shares (92,000 at the issue price), your slice goes from 0.0446% to 0.0365% of the company. To keep it you'd need 20,517 more shares - about A$223 at the issue price.
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25 Aug 2014capital raising announcement● Neutral
Allotment of 102,615,433 new shares under the entitlement offer, lifting issued capital to 205,230,866 shares. Trading starts 26 August. Top 20 holders own 51.72%, led by Kieran Mann at 7.46%. Administrative follow-through on the closed raise.
21 Aug 2014capital raising announcement▲ GoodMajor
The A$1.12m 1-for-1 entitlement offer at A$0.011 closed oversubscribed, with A$1.68m applied for. Entitlements were met in full, extra applications were scaled back, and 13.39m shortfall shares go to underwriter Morgans and sub-underwriters. Completes the raise launched 22 July.
31 July 2014capital raising announcement● Neutral
Entitlement offer booklets were posted to eligible shareholders. Talon says the A$1.12m raise plus about A$1.7m of cash would give about A$2.8m, which it says funds its immediate work program.
23 July 2014capital raising announcement● Neutral
Advance notice letter to eligible shareholders on the 1-for-1 offer at A$0.011. It shows the share count would roughly double from 102.6m to 205.2m if fully taken up. Repeats known terms.
23 July 2014capital raising announcement● Neutral
Standard letter telling ineligible shareholders (those outside Australia/New Zealand) they cannot take part in the 1-for-1 entitlement offer. Administrative notice with no new substance.
22 July 2014capital raising announcement● NeutralMajor
Talon launched a 1-for-1 fully underwritten entitlement offer at A$0.011 per share to raise up to A$1.12m, a 15.4% discount to the last close. Morgans underwrites it, with the chairman and two directors sub-underwriting. It follows cash falling to A$1.7m.
22 July 2014capital raising announcement● Neutral
Offer booklet for the 1-for-1 entitlement offer at A$0.011 per share to raise up to A$1.12m, opening 31 July and closing 18 August 2014. Text supplied is mainly legal and offer terms and adds nothing material beyond the 22 July announcement.
