Each one in plain English, with the numbers worked through for a shareholder.
19 Mar 2026capital raising announcement▲ GoodMajor
TMK raised $6.0m via a placement of 50m shares at $0.12, a 17.2% discount to the last close. Funds go to up to three more pilot wells and commercialisation. Directors add $80,000 subject to approval at the May AGM; Bridge Street gets 6m options at $0.275.
What it means for a shareholder
50.0m new shares at A$0.120 to raise about A$6.0m. That's 1.7% dilution: every existing holder's slice gets 1.7% smaller. If you held A$1,000 of shares (8,333 at the issue price), your slice goes from 0.000289% to 0.000284% of the company. To keep it you'd need 145 more shares - about A$17 at the issue price.
Binding commitments for a $3.5m oversubscribed placement of 1.75bn shares at $0.002, a 20% discount to the five-day VWAP of $0.0024. Directors take $150,000 (part of $250,000 board and management), subject to shareholder approval. Funds go to operations, partnering and exploration at Gurvantes.
What it means for a shareholder
1.75bn new shares at A$0.002 to raise about A$3.5m. That's 38% dilution: every existing holder's slice gets 38% smaller. If you held A$1,000 of shares (500,000 at the issue price), your slice goes from 0.0174% to 0.0108% of the company. To keep it you'd need 303,819 more shares - about A$608 at the issue price.
TMK raised about $2.25m via a placement of 750m shares at $0.003, a 7% discount to the five-day VWAP of $0.0032, issued under existing capacity around 24 April. Funds go to the LF-07 pilot well, 2025 exploration, feasibility studies and strategic partner efforts. Lead manager Prenzler gets 20m options at $0.005.
What it means for a shareholder
750m new shares at A$0.003 to raise about A$2.3m. That's 21% dilution: every existing holder's slice gets 21% smaller. If you held A$1,000 of shares (333,333 at the issue price), your slice goes from 0.0116% to 0.00918% of the company. To keep it you'd need 86,806 more shares - about A$260 at the issue price.
Trading resumes with $1.8m more raised at $0.002: a $1.5m placement of 750m shares (11% below the 15-day VWAP) plus about $0.3m for the shortfall from the entitlement offer, which had roughly 85% take-up. Company says it is now fully funded.
30 Oct 2024capital raising announcement● NeutralMajor
Entitlement and shortfall offers drew applications for 800.8m shares, raising $1.60m at $0.002 against the up to $1.9m sought. Shares and options are due to be issued on 1 November 2024. With the $1.34m placement, total is about $2.9m.
What it means for a shareholder
801m new shares at about A$0.002 to raise about A$1.6m. That's 22% dilution: every existing holder's slice gets 22% smaller. If you held A$1,000 of shares (500,500 at the issue price), your slice goes from 0.0174% to 0.0136% of the company. To keep it you'd need 139,167 more shares - about A$278 at the issue price.
Entitlement offer close extended three days to 25 October 2024. Directors and Australian management take 50% of fees in shares for six months, saving about $250,000 cash, and the company targets roughly 30% lower operating costs. Director share issue needs shareholder approval.
Entitlement offer prospectus and forms despatched; offer opens 11 October and closes 22 October 2024. Chair John Warburton's letter urges participation. Administrative step in the raising already announced, with no new terms beyond that.
Prospectus dated 2 October 2024 for the 1-for-8 entitlement offer at $0.002, raising up to $1,897,903, with free TMKO options. It also offers up to 335m options to placement participants. Legal document for the raising already announced.
1 Oct 2024capital raising announcement● NeutralMajor
Raising about $3.24m at $0.002 per share: a $1.34m placement of 670m shares (33% discount) plus a 1-for-8 entitlement offer of up to about $1.9m. Each two shares get a free 0.8c option to April 2027. Funds the expanded 2024 program and partnering.
Options prospectus lodged 14 May 2024 for free attaching options to placement and SPP participants, plus 63.3m options to the joint lead managers. It enables the options promised in the March raise; the text provided is mostly legal boilerplate and shows no new terms.
9 May 2024capital raising announcement● NeutralMajor
The share purchase plan raised $623,589 from applications for 155.9m shares at $0.004, well below the $1.5m cap. Each share gets a free $0.008 option to April 2027, subject to approval at the 30 May AGM. With the March placement, it funds the 2024 wells.
What it means for a shareholder
156m new shares at A$0.004 to raise about A$623,589. That's 5.1% dilution: every existing holder's slice gets 5.1% smaller. If you held A$1,000 of shares (250,000 at the issue price), your slice goes from 0.00868% to 0.00823% of the company. To keep it you'd need 13,533 more shares - about A$54 at the issue price.
The share purchase plan closing date is extended two weeks to 6 May 2024, citing Easter postal delays. Terms are otherwise unchanged and a shareholder webinar is planned. Results are due 8 May.
Offer documents for the share purchase plan: eligible Australian and New Zealand holders can buy $1,000 to $30,000 of shares at $0.004, a 4.8% discount to the five-day average price. Closes 22 April. Options attached are subject to shareholder approval. Details the March raise.
21 Mar 2024capital raising announcement● NeutralMajor
TMK raised $2.53m in a placement of 633m shares at $0.004, each with a free option at $0.008 to April 2027, to fund infill wells at Gurvantes. A $1.5m share purchase plan for existing holders is offered on the same terms. Largest holder Zantav took 25m shares.
What it means for a shareholder
633m new shares at A$0.004 to raise about A$2.5m. That's 18% dilution: every existing holder's slice gets 18% smaller. If you held A$1,000 of shares (250,000 at the issue price), your slice goes from 0.00868% to 0.00712% of the company. To keep it you'd need 54,948 more shares - about A$220 at the issue price.
Prospectus for the issue of up to 1.1bn shares and 550m TMKOB options to Talon as consideration for the Gurvantes deal. It is a transaction-specific document needed to make the securities freely tradeable; it raises no cash.
Options prospectus for the free placement options at 2.5c: up to 193,789,650 to placement investors, 2,750,000 to directors and 65,513,217 to the lead manager. It supports the earlier placement and adds no new information.
TMK raised about A$5.7m via placement of 393,079,300 shares at 1.45c, a 19.4% discount, with a free 1-for-2 option at 2.5c expiring April 2026. Funds expand the 2023 exploration drilling, planned from early Q3. Tsetsen Zantav agreed a six-month selling restriction. Resolves the earlier funding question.
What it means for a shareholder
393m new shares at A$0.0145 to raise about A$5.7m. That's 12% dilution: every existing holder's slice gets 12% smaller. If you held A$1,000 of shares (68,966 at the issue price), your slice goes from 0.00239% to 0.00211% of the company. To keep it you'd need 9,413 more shares - about A$136 at the issue price.
Prospectus offering up to 50,000 shares at 2c to raise at most A$1,000. Its stated purpose is to remove trading restrictions on previously issued shares, so it is not a real fundraising.
What it means for a shareholder
50,000 new shares at A$0.020 to raise about A$1,000. That's 0.00174% dilution: every existing holder's slice gets 0.00174% smaller. If you held A$1,000 of shares (50,000 at the issue price), your slice goes from 0.00174% to 0.00174% of the company. To keep it you'd need 1 more shares - about A$0 at the issue price.
The 15 January placement is complete: 85 million shares issued at 0.6 cents raising $510,000, and 20 million options issued to Peloton's nominee. Shares on issue are now 890,000,000, with 70 million performance shares.
What it means for a shareholder
85.0m new shares at A$0.006 to raise about A$510,000. That's 9.6% dilution: every existing holder's slice gets 9.6% smaller. If you held A$1,000 of shares (166,667 at the issue price), your slice goes from 0.0207% to 0.0187% of the company. To keep it you'd need 17,598 more shares - about A$106 at the issue price.
15 Jan 2020capital raising announcement▲ GoodMajor
Tamaska placed 85 million shares at 0.6 cents to raise $510,000 through Peloton Capital, plus 20 million options at 0.8 cents expiring 30 June 2021 for Peloton. Funds go to Parta drilling-target work and working capital; 3D seismic now due Q1 2020.
What it means for a shareholder
85.0m new shares at A$0.006 to raise about A$510,000. That's 9.6% dilution: every existing holder's slice gets 9.6% smaller. If you held A$1,000 of shares (166,667 at the issue price), your slice goes from 0.0207% to 0.0187% of the company. To keep it you'd need 17,598 more shares - about A$106 at the issue price.
29 Oct 2019capital raising announcement▲ GoodMajor
Rights issue closed having raised A$1,394,428, above the $1.2m minimum. Shortfall of 12,595,404 shares ($75,572) can be placed by directors within three months. Shares issue 31 October 2019.
Formal offer document for the 1-for-2 rights issue at 0.6 cents, to raise up to about A$1.47m, closing 24 October 2019. Lists Joseph Graham and Tim Wise as proposed directors. Terms are as already announced.
Shareholder letter repeating the 2 October rights offer: 1 new share for every 2 held at 0.6 cents, raising up to about $1.47m with a $1.2m minimum. No new information.
2 Oct 2019capital raising announcement● NeutralMajor
Tamaska plans to raise up to about $1.47m through a 1-for-2 rights offer at 0.6 cents a share, with a $1.2m minimum and no underwriting. Money funds the Parta work program and working capital. Up to 245m new shares would lift the total to 805m.
What it means for a shareholder
245m new shares at about A$0.006 to raise about A$1.5m. That's 25% dilution: every existing holder's slice gets 25% smaller. If you held A$1,000 of shares (166,667 at the issue price), your slice goes from 0.0227% to 0.017% of the company. To keep it you'd need 55,556 more shares - about A$333 at the issue price.
20 Nov 2015capital raising announcement▲ GoodMajor
The 474m-share shortfall is placed, so the full $2.142m was raised at 0.2c before costs, giving 1.785bn shares. A further 175m shares at 0.2c ($350,000) will follow, taking shares to 1.96bn. Unlisted options now stated at 0.92c.
What it means for a shareholder
175m new shares at A$0.002 to raise about A$350,000. That's 8.9% dilution: every existing holder's slice gets 8.9% smaller. If you held A$1,000 of shares (500,000 at the issue price), your slice goes from 0.028% to 0.0255% of the company. To keep it you'd need 49,020 more shares - about A$98 at the issue price.
Entitlement offer closed with holders taking up 596.9m shares ($1.19m, 55.74%). Shortfall is 474m shares, with applications for about 400m received. Tamaska will try to place the rest.
Prospectus for the 3-for-2 entitlement issue at 0.2c, raising up to $2,142,000 before costs, was dispatched to holders on the 27 October record date. Administrative step with no new terms.
19 Oct 2015capital raising announcement● NeutralMajor
Prospectus lodged for a renounceable entitlement issue of 3 new shares for every 2 held at 0.2c, raising up to $2,142,000 before costs. Offer closes 10 November. This is the rights issue flagged with the demerger.
27 Aug 2014capital raising announcement▲ GoodMajor
The last 100.6m shortfall shares were placed at 1 cent for about $1m, completing the $6.4m raise before costs. Convertible notes and loans are repaid, so Tamaska is debt free with about $4.8m cash. Shares on issue are about 704m.
The entitlement offer closed with shareholders taking up only 39,436,406 shares ($394,364), leaving a shortfall of 600,166,085 shares. Major holders Burton and Morgan say they are willing to fund at least the prospectus amount via the shortfall placement.
