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92 Energy Ltd

ASX:92E
A$0.500Latest close held · delayed

Past year: ▲ 39%(29.0c – 56.5c AUD)

Market cap
A$54.7m
Shares on issue
109m
Story beats
34 since 2021
Last event
12 Apr 2024

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

13 Apr 2021other● Neutral

Listing application and information form lodged with ASX, seeking quotation of up to 66,185,001 shares. Lists the board, CEO Siobhan Lancaster and auditor BDO. Administrative paperwork for the listing already announced; no new commercial developments.

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13 Apr 2021other● Neutral

Company constitution, adopted 28 October 2020, filed as a listing document. Sets out share rights and governance rules; administrative, with no new commercial developments.

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13 Apr 2021annual report● Neutral

Financial report from incorporation to 30 June 2020, filed as part of listing documents. Repeats the company's origins, the two database acquisitions and the October 2020 IsoEnergy agreement over Canadian Athabasca Basin claims. No new information.

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13 Apr 2021other● Neutral

IPO prospectus dated 26 February 2021, offering 25,000,000 shares at $0.20 to raise $5,000,000, with up to $2,000,000 more in oversubscriptions. It is the offer document behind the completed $7,000,000 raise; the text provided is mostly legal notices.

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13 Apr 2021capital raising announcement▲ GoodMajor

92 Energy was admitted to the ASX on 13 April 2021 as a uranium explorer, with trading from 15 April. Its IPO raised $7,000,000 by issuing 35,000,000 shares at $0.20, leaving 39,390,001 shares quoted and the rest escrowed.

What it means for a shareholder

35.0m new shares at A$0.200 to raise about A$7.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.

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13 Apr 2021other● Neutral

Corporate governance statement filed for listing, setting out how the company meets the ASX governance recommendations. Administrative, with no new commercial developments.

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13 Apr 2021other● Neutral

Shareholder holdings range report as at 12 April 2021 shows 563 holders and 66,185,001 shares on issue. Administrative listing filing; no new commercial developments.

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13 Apr 2021half year report● Neutral

Interim accounts to 31 December 2020 outline the company's formation in February 2020 and its December 2020 purchases of two uranium project databases for 2,000,000 shares each. Also describes the IsoEnergy agreement: 16.25% of the company at IPO, $200,000 payments, 2% royalty, $1,000,000 minimum spend.

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