3 July 2014capital raising announcement● Neutral
The entitlement issue closing date is extended two weeks to 18 July after shareholder requests. New shares are now due on 25 July. Price remains 1.7c and the target is about $3.4m.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
16 June 2014capital raising announcement● Neutral
Offer booklet for the 1-for-8 entitlement issue at 1.7c was dispatched to shareholders on 16 June, for up to $3,436,212. The offer closes 4 July. Administrative; terms unchanged.
10 June 2014capital raising announcement● Neutral
Notice letter to shareholders on the entitlement issue, sent 6 June, restating the terms: up to 202,130,171 shares at 1.7c, maximum $3,436,212. Offer closes 4 July. No new information.
What it means for a shareholder
202m new shares at $0.017 to raise about $3.4m. 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 2014capital raising announcement● Neutral
The entitlement issue price is revised to 1.7c from 1.65c to comply with ASX pricing rules, lifting the maximum raise to about $3.4m. Ratio and timetable are unchanged. Discount to 30-day VWAP is now 27.9%.
4 June 2014capital raising announcement● NeutralMajor
Deep Yellow offers a 1-for-8 non-renounceable entitlement issue at 1.65c to raise up to about $3.3m, a 29.8% discount to the 30-day VWAP. Funds are mainly for Tubas Sand drilling and a pre-feasibility study by end of 2014. Major shareholders have indicated support.
24 Oct 2013capital raising announcement● NeutralMajor
The Share Purchase Plan closed with applications for 48.3m shares, raising A$965,900, below the A$1.5m target (75m shares) at 2 cents. Shares on issue rise to 1,611,995,847. The directors say they are very pleased with support.
What it means for a shareholder
75.0m new shares at $0.020 to raise about $1.5m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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25 Sept 2013capital raising announcement● NeutralMajor
Share Purchase Plan offered to existing shareholders at 2 cents per share, a 15% discount, up to A$15,000 each. Directors aim to raise up to A$1.5m (75m shares) for Namibian work including Omahola testing and target follow-up. Closes 18 October.
What it means for a shareholder
75.0m new shares at about A$0.020 to raise about A$1.5m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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25 Sept 2013capital raising announcement● Neutral
Offer booklet for the 2-cent Share Purchase Plan, with terms, conditions and foreign-shareholder notices. Closes 5pm Perth time on 18 October 2013, with shares allotted 23 October. Supporting document to the plan announced the same day.
5 Oct 2012capital raising announcement▲ GoodMajor
Laurium L.P., a specialist mining fund, takes 154.76m shares at 4.2c for A$6.5m, covering the 111.86m-share shortfall (A$4.7m) plus a 42.9m-share placement (A$1.8m). Laurium gets 10.87%; Christophe Urtel to join the board. Company says cash is now above A$10m.
What it means for a shareholder
155m new shares at $0.042 to raise about $6.5m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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2 Aug 2012capital raising announcement● NeutralMajor
A further 12.91m shares allotted at 4.2c, completing the underwriting. The entitlement issue has now raised A$5.84m from 138.98m shares, leaving 1,268,555,441 shares on issue. Placement of the non-underwritten shortfall is still pending, so the raising falls well short of the A$10.5m maximum.
What it means for a shareholder
12.9m new shares at $0.042 to raise about $542,220. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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30 July 2012capital raising announcement▲ Good
126.07m shares allotted at 4.2c under the entitlement issue, raising A$5.29m, taking shares on issue to 1,255,645,497. The rest of the underwritten amount follows on receipt of funds; placement of the non-underwritten shortfall is still to come.
What it means for a shareholder
126m new shares at $0.042 to raise about $5.3m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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25 July 2012capital raising announcement▼ BadMajor
Entitlement issue closed with applications for 78.19m shares, raising A$3.28m, well short of the maximum. Patersons will settle the remaining underwritten amount to A$5.8m, and 172.64m non-underwritten shortfall shares are to be placed.
3 July 2012capital raising announcement● Neutral
Offer documents for the 2-for-9 entitlement issue have been dispatched. Offer closes 20 July with allotment on 27 July. Timetable reminder only, with no new information.
22 June 2012capital raising announcement● Neutral
Notice letters sent to shareholders restating entitlement issue terms (2-for-9 at 4.2c, record date 29 June). Funds go to Omahola studies, TRS review and Shiyela work. Paladin sub-underwrites A$4m. No new information.
20 June 2012capital raising announcement● Neutral
Prospectus for the 2-for-9 entitlement issue of up to 250.83m shares at 4.2c, raising up to about A$10.53m; underwritten to A$5.8m. Offer closes 20 July 2012. Formal document for the raising announced on 19 June.
What it means for a shareholder
251m new shares at $0.042 to raise about $10.5m. 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 2012capital raising announcement● NeutralMajor
Raising up to about A$10.5m via 2-for-9 non-renounceable entitlement issue at 4.2c, versus roughly 13c earlier in 2012. Patersons underwrites A$5.8m, with Paladin sub-underwriting A$4m. Cash was A$4.047m at March, so this funds the Omahola studies.
8 Aug 2007capital raising announcement▲ GoodMajor
The 31,673,949-share shortfall was placed with Paladin Resources at 50c, raising $15.84m and lifting cash and liquid assets to about $70m. A $15m 2007/08 exploration budget was approved. Pretorius became Managing Director, Greene Non-Executive Chairman, and two independent directors joined.
25 July 2007capital raising announcement● NeutralMajor
Entitlement issue closed with 63% taken up: 53,228,125 shares at 50c raised $26.6m, above the $20m minimum. A shortfall of 31,673,949 shares (not underwritten) remains; directors are considering placing it.
What it means for a shareholder
53.2m new shares at $0.500 to raise about $26.6m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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27 June 2007capital raising announcement● Neutral
Confirms entitlement issue prospectuses were posted to shareholders on 27 June. The offer closes 20 July, with shortfall notified 25 July. Administrative notice with no new terms.
12 June 2007capital raising announcement● NeutralMajor
Prospectus lodged for a 1-for-12 non-renounceable entitlement issue of up to 84,902,074 shares at 50 cents, raising up to $42.45m. Closes 20 July 2007. Not underwritten; minimum subscription $20m, per the accompanying letter.
What it means for a shareholder
84.9m new shares at $0.500 to raise about $42.5m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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19 Dec 2006capital raising announcement● Neutral
129.4m shares allotted at 12c, raising $15.53m, taking shares on issue to 873,433,692. Mt Isa drilling was stopped by bush fires after 7 Lochness holes and 2 Miranda holes; assays are not expected until February 2007.
What it means for a shareholder
129m new shares at $0.120 to raise about $15.5m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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18 Dec 2006capital raising announcement▲ GoodMajor
Entitlement issue closed with 92.9% of entitlements taken up, raising $14.42m at 12c. The 9.19m-share shortfall is placed with Paladin Resources, lifting the total to $15.53m. The issue was not underwritten.
24 Nov 2006capital raising announcement▼ BadMajor
Supplementary prospectus discloses a threatened claim by Uranium Resources Plc over the Raptor acquisition, alleging Dr Pretorius breached duties as a former director. The company denies it. Earlier applications are refunded; the issue now closes 13 December.
21 Nov 2006capital raising announcement● Neutral
Confirms entitlement issue prospectuses were mailed on 21 November; closing remains 6 December. Administrative.
17 Nov 2006capital raising announcement● Neutral
Entitlement issue closing date extended to 6 December because the shareholder base grew about 20% after the prospectus, requiring more copies to be printed. Pricing and record date are unchanged.
8 Nov 2006capital raising announcement● Neutral
Indicative timetable for the entitlement issue: record date 15 November, closing 1 December 2006. Administrative notice with no new substance.
3 Nov 2006capital raising announcement● NeutralMajor
Prospectus lodged for a 1-for-5 non-renounceable entitlement issue of up to 130.4m shares at 12c, raising up to $15.65m, closing 1 December. Mervyn Greene is proposed as a new non-executive director.
What it means for a shareholder
130m new shares at $0.120 to raise about $15.7m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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3 Apr 2006capital raising announcement● Neutral
The 157.7 million rights-issue shares at 7.5 cents were allotted, raising $11.83 million and lifting shares on issue to 617,045,966. Top holder is Robert Healy at 7.32%, then Dr Pretorius at 6.73%.
30 Mar 2006capital raising announcement▲ GoodMajor
The entitlement issue closed with 71% taken up: 157.7 million shares at 7.5 cents, raising $11.83 million. It was not underwritten and the 64.4 million-share (29%) shortfall will not be placed.
What it means for a shareholder
158m new shares at $0.075 to raise about $11.8m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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10 Mar 2006capital raising announcement● Neutral
Prospectuses for the shareholder rights issue were posted on 10 March 2006. The issue closes 27 March; no size or price is given in this notice.