19 Sept 2014admin correction● Neutral
Amended version of the ASX admission notice, with the reference number and dates filled in. Content is otherwise the same: 115,156,250 shares quoted from 23 September 2014 after a $20 million raise at $0.20.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
18 Sept 2014other● Neutral
Winchester Energy was admitted to the ASX Official List on 18 September 2014. Quotation of 115,156,250 shares at $0.20 starts 23 September 2014 under code WEL.
27 Aug 2014capital raising announcement● NeutralMajor
Winchester issued a prospectus to raise A$15 million at A$0.20 per share (75 million shares), with up to A$5 million more in oversubscriptions (A$20 million total), ahead of an ASX listing. Minimum subscription is A$10 million. The offer is described as highly speculative.
What it means for a shareholder
75.0m new shares at about A$0.200 to raise about A$15.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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