Past year: ▲ 219%(1.80c – 12.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
21 May 2009capital raising announcement● NeutralMajor
Post-merger, Cauldron Energy plans to raise up to $7.5m through Greenday convertible notes: 10% interest, maturing 31 July 2011, convertible at a 15% discount to the 20-day VWAP with a floor of 42.5c. Proceeds would redeem the $2.3m Dempsey notes and fund exploration.
27 July 2007capital raising announcement▲ GoodMajor
The $5.1m placement of 6 million shares at $0.85 has been completed, resolving the 5 June raising. Mega Uranium subscribed for 2.25m shares, about 5% of the enlarged company.
What it means for a shareholder
6.0m new shares at A$0.850 to raise about A$5.1m. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held A$1,000 of shares (1,176 at the issue price), your slice goes from 0.00302% to 0.00261% of the company. To keep it you'd need 181 more shares - about A$154 at the issue price.
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5 June 2007capital raising announcement▲ GoodMajor
Scimitar arranged a placement of 6 million shares at $0.85 to raise up to $5.1m, facilitated by Hartleys. Canada's Mega Uranium takes 2.25m shares, about 5% of the enlarged company. Settlement is expected around 10 July, subject to shareholder approval.
What it means for a shareholder
6.0m new shares at A$0.850 to raise about A$5.1m. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held A$1,000 of shares (1,176 at the issue price), your slice goes from 0.00302% to 0.00261% of the company. To keep it you'd need 181 more shares - about A$154 at the issue price.
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10 Nov 2006capital raising announcement▲ GoodMajor
Scimitar arranged a private placement of up to 5,000,000 shares at $0.50 to raise up to $2.5 million, managed by Montagu Corporate, which also gets 1.0m options at $0.75. Funds go to uranium exploration including Eclipse and Glencoe drilling. Settlement is expected around 30 November.
What it means for a shareholder
5.0m new shares at A$0.500 to raise about A$2.5m. That's 60% dilution: every existing holder's slice gets 60% smaller. If you held A$1,000 of shares (2,000 at the issue price), your slice goes from 0.06% to 0.024% of the company. To keep it you'd need 3,000 more shares - about A$1,500 at the issue price.
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23 Mar 2006capital raising announcement● Neutral
The $1,000,000 placement announced on 3 March was finalised. This completes the raising at the announced size; the company will apply for quotation of the shares.
3 Mar 2006capital raising announcement● NeutralMajor
Scimitar arranged a private placement of up to $1 million, issuing up to 3,333,333 shares at $0.30, to fund a 3,000m air core drill program at Yanrey from early April. Brokers also receive 1.11 million options at $0.40.
What it means for a shareholder
3.3m new shares at A$0.300 to raise about A$1.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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