Each one in plain English, with the numbers worked through for a shareholder.
10 Feb 2011other● Neutral
Statement of how the $5.5 million available funds (including $513,395 pre-offer cash) will be spent over two years. Planned work covers Yorke Peninsula, Honeymoon South, Mt Painter, Roxby Downs, Frome and Amadeus. Administrative disclosure.
10 Feb 2011other● Neutral
ASX listing circular confirming quotation of CXO shares from 11 February 2011. Describes the activity as copper and uranium exploration. 11.6 million shares and 8.5 million options are escrowed for 24 months. Administrative.
10 Feb 2011security holder rights change● Neutral
Terms of the $0.25 options issued to directors, advisers and Sturt vendors, expiring 30 June and 31 October 2014. Administrative disclosure of terms already known.
10 Feb 2011admin correction▲ GoodMajor
Core Exploration was admitted to the ASX official list on 10 February 2011, with 27,625,000 shares at $0.20 noted. Trading was due to begin the next day under code CXO.
10 Feb 2011regulatory community update● Neutral
Renewals of South Australian licences EL 4174, 4177 and 4379 are still pending, with no notice of refusal. The licences stay in force until decided.
10 Feb 2011regulatory community update● Neutral
Applications ELA 27/09, ELA 55/10 and EL 28349 remain pending with no notice of refusal. EL 28349 faces a four-month native title objection period starting after advertising on 9 February 2011.
10 Feb 2011other● Neutral
Administrative cover list of pre-quotation disclosure documents released at listing. It carries no new information itself; the items are covered in the separate releases.
10 Feb 2011other● Neutral
Securities trading policy for directors and staff, setting blackout periods around reports. Administrative governance document with no operational news.
10 Feb 2011other● Neutral
Shareholder distribution schedule at listing: 41.5 million shares held by 431 holders. Administrative disclosure with no new event.
10 Feb 2011asset acquisition disposition● Neutral
Core confirms completion of its purchase of DBL Blues Pty Ltd, issuing 2,500,000 shares to the sellers. This completes one of the two acquisitions described in the prospectus.
8 Dec 2010capital raising announcement● NeutralMajor
Core Exploration's prospectus offers up to 25 million shares at $0.20 to raise up to $5 million, lead managed by Bligh Capital. Proceeds fund copper, gold and uranium exploration on South Australian and Northern Territory licences being acquired from Sturt and DBL.
What it means for a shareholder
25.0m new shares at $0.200 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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