Past year: ▲ 0%(0.60c – 1.60c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
9 May 2008capital raising announcement● Neutral
1,175,547 rights issue shares issued at 27c, raising $317,398 before costs. This is the shareholder take-up portion only; the shortfall is placed separately. Includes the required secondary trading notice.
5 May 2008capital raising announcement● Neutral
Rights issue closed 1 May with only 1,175,547 of 9,858,334 shares taken up by shareholders. The 8,682,787 shortfall shares at 27c, worth $2.34m, are largely covered by firm applications to date. Placement to be finalised that week.
16 Apr 2008capital raising announcement● Neutral
Formal notice and offer document for the one-for-fifteen entitlement offer at 27c, up to 9,858,334 shares (~$2.66m), partly underwritten to $1m by two parties. Opens 16 April, closes 1 May 2008. Funds further Chirundu feasibility work and exploration. Follows the 4 April announcement.
4 Apr 2008capital raising announcement● NeutralMajor
Placement of 17m shares at 27c raised $4.59m for Chirundu feasibility work and exploration. A one-for-fifteen entitlement offer at 27c seeks up to about $2.66m, partly underwritten to $1m. The 27c price compares with the 40c IPO in 2007.
What it means for a shareholder
17.0m new shares at A$0.270 to raise about A$4.6m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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14 Mar 2007capital raising announcement● NeutralMajor
African Energy Resources (Guernsey) issues a prospectus to raise up to $5 million by offering 12.5 million shares at 40 cents each, ahead of an ASX listing. The offer is described as speculative.
What it means for a shareholder
12.5m new shares at A$0.400 to raise about A$5.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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