Each one in plain English, with the numbers worked through for a shareholder.
18 Dec 2018capital raising announcement▲ GoodMajor
The partially underwritten entitlement offer closed with the full 58.16M shares to be issued at A$0.065. Valid applications were 25.9M entitlement shares plus 9.2M extra, scaled back to 5.2M, as 27.0M go to the underwriter and sub-underwriters. Tamarind will hold 19.9%.
What it means for a shareholder
58.2m new shares at A$0.065 to raise about A$3.8m. That's 23% dilution: every existing holder's slice gets 23% smaller. If you held A$1,000 of shares (15,385 at the issue price), your slice goes from 0.00798% to 0.00613% of the company. To keep it you'd need 4,640 more shares - about A$302 at the issue price.
Reminder that the entitlement offer closes 5pm WST on 13 December and that only the new personalised acceptance form will be accepted. Administrative notice with nothing new.
Triangle confirms the replacement prospectus and new acceptance form are being dispatched to eligible shareholders on 3 December. Administrative notice with no new information.
The entitlement offer's underwriting was cut from fully underwritten A$3.78M to partially underwritten up to A$2.78M after the original underwriting was terminated when Brent stayed below US$65. Closing moves to 13 December; applications are refunded and must be resubmitted; price stays A$0.065.
Replacement prospectus for the 4-for-15 offer at A$0.065 (about A$3.78M), now only partially underwritten by Argonaut to A$2.78M. Adds a public shortfall offer, closing 13 December. Repeats terms in the same-day announcement.
Triangle confirms the entitlement offer prospectus and application form were dispatched to eligible shareholders on 21 November, as scheduled. Administrative notice with no new information.
Triangle issued the 19,282,629 placement shares at A$0.065, completing the A$1.25M placement. This diluted existing holders by 8.8%, taking shares on issue to 237,398,173. The lead manager fee is up to 6%.
Prospectus lodged for the entitlement offer: 4 new shares for every 15 held at A$0.065 to raise about A$3.78M, underwritten by Argonaut Capital, closing 5pm WST on 6 December 2018. Terms repeat the 13 November announcement; the extract shows nothing new.
Letter to eligible shareholders outlines the entitlement offer: 4 new shares for every 15 held at A$0.065, up to 58.16M shares for A$3.78M, underwritten by Argonaut. Record date 19 November, closes 6 December. Total shares would reach about 306.75M after the offer, placement and Whitebark shares.
13 Nov 2018capital raising announcement● NeutralMajor
Triangle raises A$1.25M via a placement at A$0.065 per share (an 18.8% discount) plus a fully underwritten 4-for-15 entitlement offer for about A$3.78M, totalling about A$5.03M. Funds go to the extra 15% of Xanadu, Cliff Head workovers and working capital. Tamarind paid the A$2M upfront for the Xanadu purchase on Triangle's behalf, to be offset against its entitlement offer commitment.
5 Feb 2018capital raising announcement● NeutralMajor
Tamarind converted the remaining US$775,976 convertible loan at A$0.04, receiving 25.29M new shares. This clears that debt from the balance sheet, resolving the March 2018 convertible thread, and raises Tamarind's stake. 11.16M fee options at A$0.15 were also issued.
Triangle plans a placement of about 16.398M shares at A$0.09 to raise about A$1.475M, led by DJ Carmichael, for exploration, drilling and working capital. The price is below the recent A$0.13 trading level (from the earlier context). The announcement lifts the trading halt.
What it means for a shareholder
16.4m new shares at A$0.090 to raise about A$1.5m. That's 8.9% dilution: every existing holder's slice gets 8.9% smaller. If you held A$1,000 of shares (11,111 at the issue price), your slice goes from 0.00665% to 0.00605% of the company. To keep it you'd need 1,090 more shares - about A$98 at the issue price.
28 July 2017capital raising announcement▲ GoodMajor
Malaysia's T7 Global buys 16.476M Triangle shares (9.86%) from Tamarind for US$500,000. Tamarind converted US$439k of its loan at A$0.04 to supply the shares, leaving US$776k owed. This partly resolves the conversion thread; new shares were issued to Tamarind.
The Share Purchase Plan closed with A$285,000 of applications at A$0.001, well short of the A$600,000 cap. With the placement, A$485,250 was raised in total. Shares were allotted on 14 April 2015.
Offer document for the Share Purchase Plan: eligible Australian and New Zealand holders may buy up to A$15,000 of shares at A$0.001, capped at 600M shares (A$600,000). Offer closes 8 April 2015. Repeats the 20 March announcement.
20 Mar 2015capital raising announcement● NeutralMajor
Placement raised A$200,250 at A$0.001 per share (200.25M shares), plus a Share Purchase Plan at the same price capped at A$600,000, up to A$15,000 each. Directors will participate. Proceeds go to the exploration programme, finishing the PSC extension, funding talks and working capital. Continues the 0.1c raisings of 2014.
What it means for a shareholder
200m new shares at about A$0.001 to raise about A$200,250. That's 6.9% dilution: every existing holder's slice gets 6.9% smaller. If you held A$1,000 of shares (1,000,000 at the issue price), your slice goes from 0.037% to 0.0344% of the company. To keep it you'd need 74,037 more shares - about A$74 at the issue price.
Triangle appoints Mac Equity Partners to lead a placement to sophisticated investors under its 15% capacity, for working capital to start the Pase exploration programme. No size or price given. Follows cash falling to A$0.686M at December 2014.
10 July 2014capital raising announcement● NeutralMajor
Raising completed at A$1.062M in total: A$188,019 from the rights issue, A$629,218 from placing the shortfall and A$245,000 from a placement of 245M shares, all at A$0.001. John Towner and Steve Hamer resigned; Robert Towner and Darren Bromley joined; Ted Farrell is chairman.
What it means for a shareholder
245m new shares at A$0.001 to raise about A$245,000. That's 9.1% dilution: every existing holder's slice gets 9.1% smaller. If you held A$1,000 of shares (1,000,000 at the issue price), your slice goes from 0.0408% to 0.0371% of the company. To keep it you'd need 99,930 more shares - about A$100 at the issue price.
Rights issue closed 23 June 2014 raising only about A$188,019 of the possible A$817,237: acceptances of A$147,471 plus A$40,548 of extra shares. Directors will try to place the remaining shortfall shares at A$0.001 within 3 months.
Optionholder version of the rights issue notice: option holders must exercise before the record date (3 June 2014) to join the A$0.001 offer. Repeats the A$1M placement and planned board changes. Nothing new.
Notice to shareholders: the rights issue (up to A$817,237) plus a A$1M placement to sophisticated investors aims for about A$1.8M of working capital for 12 months. Placement could add up to 1 billion shares. Directors John Towner and Steve Hamer to retire, replaced by Robert Towner and Darren Bromley.
Triangle offers a non-renounceable rights issue of about 817m shares, one for every two held, at A$0.001 to raise up to about A$817,237. Not underwritten. Offer closes 23 June 2014. A far lower price than the 0.8c placement last September.
What it means for a shareholder
817m new shares at A$0.001 to raise about A$817,237. That's 25% dilution: every existing holder's slice gets 25% smaller. If you held A$1,000 of shares (1,000,000 at the issue price), your slice goes from 0.0408% to 0.0306% of the company. To keep it you'd need 333,236 more shares - about A$333 at the issue price.
Triangle is raising A$1.5M through a placement of 187.5m shares at A$0.008 via CPS Capital, best endeavours. Funds go to working capital and fixing scale in the Pase A-1 well. Director participation needs approval at the November AGM.
What it means for a shareholder
188m new shares at A$0.008 to raise about A$1.5m. That's 12% dilution: every existing holder's slice gets 12% smaller. If you held A$1,000 of shares (125,000 at the issue price), your slice goes from 0.00877% to 0.00775% of the company. To keep it you'd need 16,448 more shares - about A$132 at the issue price.
Formal terms of the 5.5c share purchase plan: record date 22 February, closes 17 March and shares quoted 24 March 2011. Applications may be scaled back if the $3.6m cap is exceeded. Repeats the earlier announcement.
23 Feb 2011capital raising announcement● NeutralMajor
Share purchase plan at 5.5c per share, a 15.38% discount to the 6.5c close, capped at $3.6m with up to $15,000 per eligible holder. Funds go to the A-1 and A-2 work-overs and working capital. First raising since the Triangle deal.
Shares on issue rise to 1,328,155,546 after 14.3m options were exercised at 3c (about $430k) and 17.5m shares were issued on vesting of share rights. A further 25m performance rights were granted, vesting when the PSC renewal is granted.
21 May 2008capital raising announcement● NeutralMajor
Maverick Drilling International, still in receivership under a deed of arrangement, offers 260 million shares at 1 cent to raise $2.6 million, plus 120 million shares at 0.5 cents ($600,000) and 65 million options to the proponent. Offers are conditional and not underwritten; this is a recapitalisation after the 2007 raising.
22 Aug 2007capital raising announcement● NeutralMajor
White Sands Petroleum, already in receivership and under a deed of company arrangement, offers up to 300,000,000 shares to raise up to USD 60 million, with the company to be renamed Maverick Drilling International. Offer price per the application forms is A$0.25 or US$0.20.
