Each one in plain English, with the numbers worked through for a shareholder.
5 Dec 2024capital raising announcement▲ GoodMajor
Blaze raised about $1.25M via a placement of 313,389,560 shares at $0.004 (24.1% discount to the 15-day VWAP), with one free option per two shares, to fund Uganda drilling. The lead manager gets 6% cash plus 100M options. Options need shareholder approval.
What it means for a shareholder
313m new shares at A$0.004 to raise about A$1.3m. That's 20% dilution: every existing holder's slice gets 20% smaller. If you held A$1,000 of shares (250,000 at the issue price), your slice goes from 0.0199% to 0.016% of the company. To keep it you'd need 62,500 more shares - about A$250 at the issue price.
The closing date for the new options offers was extended to 14 August 2024 to give eligible option holders more time to apply. Options issue is now expected 15 August. Timetable change only.
Prospectus for the options offer: up to 250M new options at $0.0005 to raise up to $125,000 (Priority Offer), plus up to 25M to an eligible director to raise up to $12,500. Implements the plan announced 28 May.
28 May 2024capital raising announcement● NeutralMajor
Blaze plans a priority offer to BLZOB option holders of 250M new options at $0.0005 (exercise $0.01, expiring 31 Dec 2027), raising about $125,000 before costs. Needs shareholder approval; directors intend to take up their full allocation.
Blaze lodged a prospectus offering up to 327,499,889 new listed options, matching the expired BLZO count. Offer closes 27 April 2022, subject to a 31 March general meeting. Per the earlier notice, price is $0.001 and exercise $0.05, so it raises at most about $327,500.
14 July 2020capital raising announcement● NeutralMajor
Blaze launched a placement of up to 52.5M shares at $0.025, about $1.31M (calculated from the text), lifting shares on issue by a quarter from 210M. CPS Capital leads, with 1% management and 5% placing fees.
What it means for a shareholder
52.5m new shares at A$0.025 to raise about A$1.3m. That's 20% dilution: every existing holder's slice gets 20% smaller. If you held A$1,000 of shares (40,000 at the issue price), your slice goes from 0.019% to 0.0152% of the company. To keep it you'd need 10,000 more shares - about A$250 at the issue price.
The option entitlement offer closed undersubscribed: acceptances for 76,936,976 options (73.27%). The remaining 28,063,024 options go to a shortfall offer open up to three months. Based on $0.001 per option, the raised sum is about $77,000.
New prospectus re-offers up to 92,499,998 placement options, up to 2,500,002 adviser options and 10m options to director Simon Coxhell, on the terms withdrawn on 11 June. Placement closes 21 June; Coxhell offer closes 14 June.
Blaze withdraws the placement, adviser and director option offers from the prospectus after interest from investors outside Australia. It intends to reissue them in a new prospectus for Australia and Singapore. The entitlement offer continues unchanged.
Blaze confirms the entitlement offer prospectus was sent to eligible shareholders, with personalised letters sent 23 May. Offer closes 11 June. Administrative step in the option offer; no new substance.
22 May 2019capital raising announcement● NeutralMajor
Prospectus for a 1-for-2 option entitlement offer at $0.001 per option (exercise $0.05, expiry 31 Mar 2022) to raise up to $105,000, plus placement, adviser and 10m director options. Shareholders approved the offers on 20 May 2019. Follows the April plan.
19 Jan 2018capital raising announcement● NeutralMajor
Blaze will raise $1,587,666 by placing 31,753,316 shares at 5c with a free attaching option each (subject to shareholder approval). It also appoints two more advisors, each getting 10m options at 8c. Funds go to working capital and exploring Kirkalocka and Thundelarra.
What it means for a shareholder
31.8m new shares at A$0.050 to raise about A$1.6m. That's 20% dilution: every existing holder's slice gets 20% smaller. If you held A$1,000 of shares (20,000 at the issue price), your slice goes from 0.0157% to 0.0126% of the company. To keep it you'd need 5,000 more shares - about A$250 at the issue price.
Updated rights issue timetable: offer closes 11 January 2017, shares to be issued 18 January 2017. The company says documents took longer because of its focus on Marble Bar. Repeats the extension already flagged on 21 November.
Confirms rights issue documents have been sent to eligible shareholders. Terms are unchanged: 1-for-3 at 5 cents to raise up to $2.1m, with free options exercisable at 8 cents until 1 March 2019.
Cover letter sending the rights issue letters to eligible and ineligible shareholders, repeating known terms: 1-for-3 at 5 cents, up to $2.1m, with attaching options. No new information.
Letter to optionholders on the rights issue: they can join only by exercising options (at 8 cents) before the 10 November record date. Planned use of the $2.1m includes $500k for Barkly and $300k for Marble Bar drilling. Full take-up gives about 168m shares.
4 Nov 2016capital raising announcement● NeutralMajor
Prospectus lodged for a 1-for-3 non-renounceable rights issue at 5 cents to raise up to $2.1m, with one free option for every two shares taken up. It is managed by Cicero Advisory and Merchant Corporate Finance. Text is truncated.
The rights issue timetable slips slightly because documents took longer to finalise while the company focused on Marble Bar. The prospectus is now due 4 November and the offer closes 24 November, with shares issued 1 December.
21 Jan 2016capital raising announcement▲ GoodMajor
The placement was oversubscribed, with $2.12 million of applications for 53 million shares at 4 cents. It will use both the shareholder approval and existing placement capacity. Funds are for working capital and new acquisitions.
What it means for a shareholder
53.0m new shares at A$0.040 to raise about A$2.1m. That's 46% dilution: every existing holder's slice gets 46% smaller. If you held A$1,000 of shares (25,000 at the issue price), your slice goes from 0.0403% to 0.0217% of the company. To keep it you'd need 21,371 more shares - about A$855 at the issue price.
20 Jan 2016capital raising announcement▲ GoodMajor
Blaze placed 38 million shares at 4 cents to raise $1.52 million, under the 70m-share approval given at the 25 November 2015 meeting. Funds are for working capital and finding new acquisitions, continuing the shift away from Barkly drilling.
What it means for a shareholder
38.0m new shares at A$0.040 to raise about A$1.5m. That's 38% dilution: every existing holder's slice gets 38% smaller. If you held A$1,000 of shares (25,000 at the issue price), your slice goes from 0.0403% to 0.025% of the company. To keep it you'd need 15,323 more shares - about A$613 at the issue price.
Disclosure on the 3 September Rule 7.1A placement: dilution to existing holders was 5.79%, the issue was not underwritten, and a 6% placement fee is payable to Cicero Advisory Services. Funds are needed promptly for working capital.
Blaze placed 14,387,971 shares to Cicero Advisory clients at 3.02–3.37 cents, raising about $440,000 for working capital. It will also seek shareholder approval to place a further 70 million shares at 4 cents. This follows the thin cash position flagged earlier.
Disclosure on the shares issued 31 July 2014: dilution to existing holders was 8.67%, issued under Rule 7.1A on a best-endeavours basis, with a 6% placement fee to CPS Capital. Funds are for follow-up Bluebird drilling due to start this month.
24 July 2014capital raising announcement● NeutralMajor
Blaze placed 349 million shares at 0.08 cents to CPS Capital clients, raising $279,200 before costs. CPS also offered a convertible note facility of up to $1,250,000 to fund exploration, terms to be agreed and subject to a shareholder meeting.
31 Oct 2012capital raising announcement▲ GoodMajor
Quarterly report says Blaze raised $11,280,000 before costs on 26 September 2012 by placing 1.6 billion shares at 0.08c each. Limited site visits to anomalies found no notable mineralised outcrop; Cameco is acquiring BHP's adjacent Yeelirrie project for over $410m.
What it means for a shareholder
1.60bn new shares at A$0.0008 to raise about A$1.3m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
19 July 2010capital raising announcement▲ GoodMajor
Blaze says it completed a placement of over $1.2 million, funding an exploration program at Yeelirrie beside BHP's 52,000t U3O8 deposit. Hyperspectral surveys come first, with shallow drilling 'later this year'. Completes the placement flagged in April; no drilling results yet.
Raises $240,000 now via 40m shares at 0.6c with free options at 1.6c expiring March 2014. A further up to 120m shares at not less than 0.65c needs shareholder approval; total up to $1.02m for Yeelirrie exploration and working capital.
What it means for a shareholder
40.0m new shares at A$0.006 to raise about A$240,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
