Core Lithium: announcements explained, share price

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

11 Dec 2012capital raising announcement● NeutralMajor

Core raised $500,000 by placing 6,250,000 shares at $0.08 to sophisticated, professional and institutional investors, deliberately the minimum needed to limit dilution. Funds go to follow-up drilling at Fitton, surveys ahead of 2013 drilling at Albarta, and working capital.

What it means for a shareholder

6.3m new shares at $0.080 to raise about $500,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.

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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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