Past year: ▲ 39%(29.0c – 56.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
25 July 2023capital raising announcement● Neutral
Prospectus lodged for the 12,305,171 flow-through shares from the July placement, priced at C$0.3657. It is a cleansing document to allow secondary trading of those shares; no new funds or information beyond the earlier raise.
20 July 2023capital raising announcement▲ GoodMajor
Raising about $5.5m: $5m via 12.3m flow-through shares at about $0.41 (an 18.8% premium to last close) plus $0.5m via 1.67m shares at $0.30. Funds a new Gemini drilling program from August. Flow-through spend is due by 31 December 2024.
What it means for a shareholder
1.7m new shares at A$0.300 to raise about A$500,000. That's 1.8% dilution: every existing holder's slice gets 1.8% smaller. If you held A$1,000 of shares (3,333 at the issue price), your slice goes from 0.0036% to 0.00353% of the company. To keep it you'd need 60 more shares - about A$18 at the issue price.
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2 Dec 2022capital raising announcement● NeutralMajor
Placement of 4.47 million shares at A$0.50 to raise A$2.235m, a 9% premium to the last close of A$0.455. It funds exploration at Gemini, the GMZ and GMX. It is within existing capacity and has no commissions. The price is well below June's A$0.78 raise.
What it means for a shareholder
4.5m new shares at A$0.500 to raise about A$2.2m. That's 5.2% dilution: every existing holder's slice gets 5.2% smaller. If you held A$1,000 of shares (2,000 at the issue price), your slice goes from 0.00244% to 0.00232% of the company. To keep it you'd need 109 more shares - about A$55 at the issue price.
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17 June 2022capital raising announcement● Neutral
Prospectus lodged for the 11,153,847 flow-through shares announced on 14 June, priced at C$0.702 each. It is the formal offer document for that placement; no new raise size is stated in the excerpt.
14 June 2022capital raising announcement▲ GoodMajor
Raising about A$8.7m through 11,153,847 Canadian flow-through shares at A$0.78, a 22% premium to the A$0.64 close. Funds go to GMZ follow-up drilling and other exploration. The company must spend an equal amount on qualifying exploration by 31 December 2023. Canaccord is lead manager.
28 Sept 2021capital raising announcement▲ GoodMajor
92 Energy raised A$7.15 million through a placement of 9,927,750 shares at A$0.72, a 5.9% discount to the last close. Funds will go to a major follow-up drill program at the Gemini discovery, other Athabasca projects and working capital.
What it means for a shareholder
9.9m new shares at A$0.720 to raise about A$7.2m. 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 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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