Each one in plain English, with the numbers worked through for a shareholder.
20 Apr 2018capital raising announcement● Neutral
Offer document for the Share Purchase Plan announced 16 April: eligible holders can buy up to $15,000 of shares at 5.3c, an 18.6% discount to the recent average price. It targets $2.0M and closes 8 May, with shares issued 14 May.
16 Apr 2018capital raising announcement● NeutralMajor
Core raised about $5M through a placement of about 95.3M shares at 5.3c, with a Share Purchase Plan of up to $2M at the same price to follow. Broker Hartleys also gets 58.1M options at 8c, subject to shareholder approval. Funds go to the PFS, feasibility study and drilling.
What it means for a shareholder
95.3m new shares at $0.053 to raise about $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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27 Nov 2017capital raising announcement▲ GoodMajor
Yahua's second $1M tranche (16.7M shares at 6c) completed after shareholder approval, taking Yahua to 33.4M shares, or 6.73%. Core also issued 1.5M options at 7c and 2.9M performance rights to staff. Binding offtake still pending.
What it means for a shareholder
16.7m new shares at $0.060 to raise about $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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29 Aug 2017capital raising announcement▲ GoodMajor
Chinese lithium producer Yahua committed to a $2M placement at 6 cents a share, in two $1M tranches of 16.7M shares. Tranche 1 is complete; Tranche 2 needs approvals by 31 October. The two will negotiate a DSO offtake agreement by 31 October 2017.
What it means for a shareholder
16.7m new shares at about $0.0599 to raise about $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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28 Oct 2016capital raising announcement▲ Good
Core says the share purchase plan, targeting $2.5 million at 9 cents, was oversubscribed and closes today. Shares will be issued on 3 November 2016. No final amount raised is given.
12 Oct 2016capital raising announcement● Neutral
Share purchase plan offer opened to eligible shareholders: up to $15,000 each at 9 cents, a 14.2% discount to recent average price, targeting $2.5 million. It closes 28 October, with shares issued 3 November. This is the retail follow-on to the placement.
6 Oct 2016capital raising announcement▲ GoodMajor
Core raised about $6 million through a heavily oversubscribed placement of about 67 million shares at 9 cents, with Hartleys as lead broker. A $2.5 million share purchase plan at the same price follows. Diamond drilling began, funding faster Finniss work. Shares were about 3.5c in July.
What it means for a shareholder
67.0m new shares at $0.090 to raise about $6.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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19 Apr 2016capital raising announcement▲ GoodMajor
Core raised about $2.2M from a heavily oversubscribed placement of about 52M shares at 4.2c, led by Hartleys. Funds go to Finniss and Anningie lithium evaluation; a fully funded maiden drilling program is expected in Q3 2016.
What it means for a shareholder
52.0m new shares at $0.042 to raise about $2.2m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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5 Apr 2016capital raising announcement● Neutral
Cleansing prospectus offering quoted 5c options expiring August 2017: 43.5M to February placement participants, 10M to the lead manager, 3.7M to directors and employees and 2M to a contractor. Mainly removes trading restrictions; no new money is raised.
18 Feb 2016capital raising announcement▲ GoodMajor
Placement of about 43.5M shares at 2.2c to raise about $950,000, led by Hartleys, each with an attaching 5c option expiring August 2017. Funds go to lithium exploration starting at Finniss. The attaching options need shareholder approval.
What it means for a shareholder
43.5m new shares at $0.022 to raise about $950,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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23 Nov 2015capital raising announcement● Neutral
The options rights issue closed with applications for 25.7M of 43.67M options (about $77,000 at 0.3c). Remaining shortfall of 17.96M options may be placed within three months. This is below the full amount despite the 'fully underwritten' description.
27 Oct 2015capital raising announcement● Neutral
Prospectus for the options rights issue: up to about 43.67M options at $0.003, raising up to about $130,998, underwritten by InSync. It also aims to remove trading restrictions on existing options. Terms match the same-day announcement.
27 Oct 2015capital raising announcement● NeutralMajor
Core announced a fully underwritten 1-for-4 rights issue of options at 0.3c each (5c exercise, expiring 31 August 2017), raising up to about $0.13M for working capital. Underwriter is InSync Equity Services. Assays for both drill programs now expected toward end-November.
2 Sept 2015capital raising announcement● NeutralMajor
The SPP closed raising only $125,500 from shareholders (5.02M shares at 2.5c); underwriters took 18.98M shares, bringing the total to $600,000, plus 12M options at 5c expiring 31 August 2017. Fees of 6% are payable. Both drilling programs are now funded, with Jervois starting late September.
What it means for a shareholder
5.0m new shares at $0.025 to raise about $125,500. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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18 Aug 2015capital raising announcement● Neutral
Chairman's letter to shareholders restates the SPP: $1.0M target at 2.5c, $600,000 underwritten by Pulse Markets, closing 26 August. It adds that Jervois approvals are in and Yerelina diamond drilling starts within weeks. A mailing of known terms; no new facts.
23 July 2015capital raising announcement● Neutral
The chairman's letter and terms for the Share Purchase Plan were sent to shareholders: up to $15,000 each at 2.5c, targeting $1.0M, with Pulse Markets underwriting $600,000. Closes 26 August 2015. This is the offer document for the already announced raise.
16 July 2015capital raising announcement● NeutralMajor
Core launched a Share Purchase Plan to raise up to $1.0M at 2.5c per share, partially underwritten for $600,000, to fund maiden Jervois RC and Yerelina diamond drilling. Underwriters get up to 12M options at 5c, expiring 31 Aug 2017. First drilling is due late August.
1 Dec 2014capital raising announcement● NeutralMajor
Core raised $750,000 via a placement of 15,000,000 shares at 5c, an 11% discount to last close, each with a free 10c option expiring 31 January 2016. Fees are 6%. Funds support Q1 2015 Jervois drilling and copper follow-up. Shares on issue rise to about 150.5M.
What it means for a shareholder
15.0m new shares at $0.050 to raise about $750,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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15 Aug 2014capital raising announcement▲ GoodMajor
Core raised $1,000,000 via a placement of 18,181,818 shares at 5.5c, a 5% discount to the last close and a 2% premium to the 15-day VWAP. It funds Blueys/Inkheart, Virginia and Copper Queen drilling and Jervois exploration. Fees are 6%.
What it means for a shareholder
18.2m new shares at $0.055 to raise about $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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27 Mar 2014capital raising announcement● NeutralMajor
The Share Purchase Plan closed with applications for 5.56M shares, raising $278,000 of the targeted $750,000. The underwriter covers the shortfall to $500,000, with its shares subject to shareholder approval at the 4 April general meeting.
28 Feb 2014capital raising announcement● Neutral
Share Purchase Plan documents were sent to shareholders: up to $15,000 each at 5c, targeting $750,000, with $500,000 underwritten by Pulse Markets. Administrative follow-through to the 21 February raising; no new terms.
21 Feb 2014capital raising announcement● NeutralMajor
Core raised $750,000 via a placement of 15M shares at 5c, plus a Share Purchase Plan of up to $750,000 at 5c (partly underwritten to $500,000). Funds go to Blueys and Inkheart RC drilling, with drilling due April 2014. Total up to $1.5M.
What it means for a shareholder
15.0m new shares at $0.050 to raise about $750,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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9 Sept 2013capital raising announcement● Neutral
Core issued the shortfall shares announced on 2 September, completing the rights issue. Exercise prices on six series of unlisted options were trimmed by 0.37 cents (e.g. 25c to 24.63c) from 16 September. Administrative follow-through.
2 Sept 2013capital raising announcement▲ GoodMajor
Core placed the rest of the rights issue shortfall, raising a further $550,354 before costs: 18,345,154 shares at $0.03, each with a free option (10c, expiring 31 Oct 2014). This completes the June 2013 raising and funds Albarta exploration.
What it means for a shareholder
18.3m new shares at $0.030 to raise about $550,354. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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9 July 2013capital raising announcement● NeutralMajor
The rights issue closed 4 July with 14,375,142 shares (about $431k at 3c) taken up or applied for, against a maximum of 32.7M. The remaining 18,345,154 shares and options can be placed within three months. Funds are subject to cleared funds.
What it means for a shareholder
14.4m new shares at $0.030 to raise about $431,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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19 June 2013capital raising announcement● Neutral
Core is mailing the rights issue prospectus, a supplementary prospectus lodged 19 June, and entitlement forms on 20 June. Terms are unchanged: about 32.7M shares at $0.03, first $360,000 underwritten. The supplementary's content is not visible in the text provided.
What it means for a shareholder
32.7m new shares at $0.030 to raise about $981,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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13 June 2013capital raising announcement● Neutral
Rights to the 3-cent issue began trading on ASX (code CXOR) on 12 June, running to 27 June, so holders can sell or buy rights. The text puts the issue price at a 39% discount to the last trade of 4.9c. Administrative.
11 June 2013capital raising announcement● Neutral
Standard letter to eligible shareholders restating the 2-for-3 rights issue at 3 cents with a free 10c option (to 31 Oct 2014), up to about $0.98M, Patersons as underwriter. Funds go to Albarta targets and working capital. Closes 4 July; no new terms.
5 June 2013capital raising announcement● Neutral
Prospectus for the rights issue: about 32.7M new shares at $0.03 to raise up to about $981,609, with one free option per share. First $360,000 (12M shares) underwritten by Patersons; offer closes 4 July, new shares trade around 15 July. Detail of an already-announced raising.
What it means for a shareholder
32.7m new shares at $0.030 to raise about $981,609. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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5 June 2013capital raising announcement● NeutralMajor
Core launches a 2-for-3 renounceable rights issue at 3 cents per share to raise up to about $1m, a 38% discount to the last close, with a free 10c option attached. Underwritten to $360,000 by Patersons. Funds go to Albarta and Fitton target work.
