Each one in plain English, with the numbers worked through for a shareholder.
30 July 2024capital raising announcement● NeutralMajor
Triangle raised A$4M through a placement of about 266.7M shares at 1.5c, an 11.8% discount to the last close, with one free option (2.5c, expiring June 2025) per share, subject to approval in mid-September. Funds go to Perth Basin drilling and working capital.
What it means for a shareholder
267m new shares at A$0.015 to raise about A$4.0m. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held A$1,000 of shares (66,667 at the issue price), your slice goes from 0.00369% to 0.00321% of the company. To keep it you'd need 9,829 more shares - about A$147 at the issue price.
28 Mar 2024capital raising announcement▲ GoodMajor
The entitlement offer closed oversubscribed, raising A$1.52M by issuing 94.8M shares at 1.6c, with 47.4M free options (2.5c, expiring June 2025). This completes the A$6.5M raising begun with the February placement; funds go to Perth Basin drilling and working capital.
What it means for a shareholder
94.8m new shares at A$0.016 to raise about A$1.5m. That's 5.3% dilution: every existing holder's slice gets 5.3% smaller. If you held A$1,000 of shares (62,500 at the issue price), your slice goes from 0.00366% to 0.00347% of the company. To keep it you'd need 3,472 more shares - about A$56 at the issue price.
Letter to eligible shareholders in Australia and New Zealand outlining the entitlement offer already announced: 1 for 17 at 1.6c, record date 6 March, closing 25 March 2024, with a top-up facility. No new terms.
Letter telling shareholders with registered addresses outside Australia and New Zealand they cannot take part in the 1-for-17 entitlement offer at 1.6c. Administrative notice; no action required and nothing new.
Offer document for the entitlement offer announced 19 February: one new share for every 17 held at 1.6c, with one free listed option (2.5c, expiring 30 June 2025) per two new shares, raising about A$1.5M. Open 8 to 25 March 2024, not underwritten.
Letter telling shareholders with registered addresses outside Australia and New Zealand that they cannot take part in the entitlement offer. Administrative notice; no action is required and there is nothing new.
19 Feb 2024capital raising announcement● NeutralMajor
Triangle has firm commitments for a A$5M placement at 1.6c per share, a 15.8% discount to the last close. A further entitlement offer of up to about A$1.5M follows on the same terms, with attaching options. Funds go to Booth and Becos drilling; drilling is now planned for Q2-Q3 2024.
Prospectus offers 134.6M free options (2.5c, expiring 30 June 2025) to placement participants and 25M to lead manager Euroz Hartleys. Its stated purpose is to remove secondary trading restrictions. These are the options attached to the May placement.
2 May 2022capital raising announcement● NeutralMajor
Triangle raises A$3.5M via a placement of about 269M shares at 1.3 cents, a 13.3% discount, with one attaching 2.5c option per two shares subject to approval. Funds go to the CH10 workover, export route and seismic. Directors take A$115,000.
What it means for a shareholder
269m new shares at A$0.013 to raise about A$3.5m. That's 20% dilution: every existing holder's slice gets 20% smaller. If you held A$1,000 of shares (76,923 at the issue price), your slice goes from 0.00715% to 0.00572% of the company. To keep it you'd need 19,243 more shares - about A$250 at the issue price.
Triangle says the underwriter placed all 160.1M shortfall options from the entitlement offer. This completes the option offer, which raised A$0.15M from shareholders plus the underwritten shortfall.
The option offer drew applications for 150.3M options (A$150K), leaving a 160.1M shortfall for underwriter CPS. Shareholders approved Tranche 2 of the A$10M placement on 28 July 2021; issue is expected 4 August.
Confirms the prospectus and acceptance form for the option entitlement offer are being posted to eligible shareholders on 1 July 2021, per the timetable. Administrative notice.
Notice to shareholders with registered addresses outside Australia and New Zealand that they cannot take part in the option entitlement offer. Administrative only.
Prospectus for the option entitlement offer of up to 310.4M options at A$0.001. It also offers 135M options to the lead manager and 227.3M free attaching options to placement investors. Offers close 28 July 2021.
Letter to option holders about the entitlement offer. Only shareholders on the 28 June 2021 record date can take part, so option holders must exercise before then to join. It restates known terms and adds nothing new.
Triangle launched a non-renounceable offer of 1 quoted option per 2 shares at A$0.001, exercisable at A$0.035 until 4 August 2023, raising up to about A$310K. CPS fully underwrites it for a 6% fee. Record date is 28 June 2021.
17 June 2021capital raising announcement▲ GoodMajor
Triangle has firm commitments for a A$10M placement at A$0.022 per share, with one free option (A$0.035, two years) per two shares. Up to 454.5M shares; funds go to the CH-6 workover, seismic planning, a refinery feasibility study and a Cliff Head future fund. Cash was A$3.11M in March.
The share purchase plan drew applications of A$4.93M at A$0.03. Triangle accepted oversubscriptions up to the 30% limit, raising A$3.91M for 130.2M shares, well above the A$1M target. Funds go to the CH6/CH7 workovers, drilling prospects and working capital.
What it means for a shareholder
130m new shares at about A$0.030 to raise about A$3.9m. That's 23% dilution: every existing holder's slice gets 23% smaller. If you held A$1,000 of shares (33,299 at the issue price), your slice goes from 0.00767% to 0.0059% of the company. To keep it you'd need 9,987 more shares - about A$300 at the issue price.
The closing date for the share purchase plan at A$0.03 per share, with up to A$30,000 per eligible holder, was extended from 18 September to 2 October 2020. Results are due 7 October and new shares issue 13 October.
The share purchase plan opened on 4 September 2020 at A$0.03 per share, after 73,346,667 placement shares were issued. Eligible holders can apply for A$1,000 to A$30,000 each, capped at A$1M. Directors intend to take up their maximum.
27 Aug 2020capital raising announcement● NeutralMajor
Triangle raised about A$2.2M through a placement of 73.35M shares at A$0.03, an 18% discount to the 5-day VWAP, plus a planned share purchase plan of up to about A$1M. Funds go to CH6/CH7 workovers (about 400 bopd) and drilling planning; shares on issue rise to 434.1M.
What it means for a shareholder
73.3m new shares at A$0.030 to raise about A$2.2m. That's 17% dilution: every existing holder's slice gets 17% smaller. If you held A$1,000 of shares (33,333 at the issue price), your slice goes from 0.00924% to 0.00768% of the company. To keep it you'd need 6,777 more shares - about A$203 at the issue price.
The full shortfall of 24,574,182 options (A$0.12, expiring 30 September 2020) from the November option offer was placed on 29 January 2020, at A$0.001 each. Closes the option offer thread; total quoted options now about 72.15M.
The option offer closed with applications for 47.58M options, raising about A$47,577, leaving a shortfall of 24.57M options. Directors may place the shortfall within three months. Allotment is expected 4 December.
Confirms the option offer prospectus and acceptance form are being sent to eligible shareholders on 18 November, as scheduled. Administrative, no new substance.
Letter to eligible shareholders in Australia and New Zealand repeating the option offer timetable and terms. No action required. Administrative, no new substance.
Letter telling shareholders with registered addresses outside Australia and New Zealand they cannot take part in the option offer. Administrative, no new substance.
Triangle offers shareholders one quoted option per five shares held, at A$0.001 each, exercisable at A$0.12 until 30 September 2020. Up to 72.15M options would raise only about A$72,150, mainly covering offer costs. Exercise money would fund projects.
Letter to optionholders repeating the option offer terms. Existing optionholders can take part only by exercising their options and being on the register by the 13 November record date. Administrative, no new substance.
Prospectus for the option offer announced the same day: up to 72,150,736 quoted options at A$0.001, one per five shares, closing 27 November 2019. Describes it as speculative and sets out risk factors. No new terms.
Triangle raised A$3.6M through a placement of 48M shares at A$0.075, lifting shares on issue to 360.75M (about 13.3% new). Funds go to the CH-13 pump replacement, Cliff Head Renewal Project working capital and general working capital.
What it means for a shareholder
48.0m new shares at A$0.075 to raise about A$3.6m. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held A$1,000 of shares (13,333 at the issue price), your slice goes from 0.00426% to 0.0037% of the company. To keep it you'd need 2,046 more shares - about A$153 at the issue price.
