Each one in plain English, with the numbers worked through for a shareholder.
2 May 2024capital raising announcement▲ GoodMajor
Tranche 2 of the placement was completed after shareholder approval on 30 April 2024, raising about A$79.5M at A$1.225 a share. It issued 64,885,502 shares in total: 64,738,565 to institutional investors and 146,937 to directors.
15 Apr 2024capital raising announcement▲ Good
Share Purchase Plan results: 24,489,505 shares issued at A$1.225 to raise A$30M, with applicants getting about 70% of what they applied for. A$15.1M of excess money is to be refunded.
What it means for a shareholder
24.5m new shares at A$1.23 to raise about A$30.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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11 Apr 2024capital raising announcement▲ Good
Share Purchase Plan closed oversubscribed, with applications for about A$45M against the A$30M target, so applications will be scaled back pro-rata. Resolution 3 (approval to place up to A$15M of any shortfall) is withdrawn from the 30 April meeting.
18 Mar 2024capital raising announcement▲ Good
Share Purchase Plan opens, letting eligible shareholders buy up to A$30,000 of shares each at A$1.225, the same price as the placement, with no brokerage. Offer closes 8 April 2024 and aims to raise up to A$30M.
15 Mar 2024capital raising announcement▲ GoodMajor
Tranche 1 of the March placement completed: 114,706,334 shares issued at A$1.225 to raise about A$140.5M. Tranche 2 (A$79.5M) awaits a shareholder meeting around late April 2024; a A$30M share purchase plan is also planned.
What it means for a shareholder
115m new shares at A$1.23 to raise about A$141m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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11 Mar 2024capital raising announcement▲ GoodMajor
Binding commitments to raise A$220M at A$1.225 a share (179.6M shares), a 3.9% discount to the last close. Tranche 2 (A$79.5M) needs shareholder approval; a further A$30M share purchase plan is planned. Pro-forma cash A$279M; funds Tumas, Mulga Rock and M&A.
What it means for a shareholder
180m new shares at about A$1.22 to raise about A$220m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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23 Mar 2021capital raising announcement▲ Good
The share purchase plan was heavily oversubscribed: applications for A$7.423M against a A$2M cap, so each applicant gets 26.9457% of their request. 3,076,874 shares at A$0.65 will be issued, raising A$1,999,968.
What it means for a shareholder
3.1m new shares at A$0.650 to raise about A$2.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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25 Feb 2021capital raising announcement● Neutral
The share purchase plan opened to eligible shareholders, offering up to A$30,000 each at A$0.65, the same price as the placement, to raise up to A$2M. Offer documents were sent out. Continues the February raising.
24 Feb 2021capital raising announcement▲ Good
The A$40.8M placement completed: 62,768,803 shares issued at A$0.65 to institutional investors, with Euroz Hartleys and Aitken Murray as joint lead managers. Confirms the 18 February raising; a cleansing notice was attached.
What it means for a shareholder
62.8m new shares at A$0.650 to raise about A$40.8m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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18 Feb 2021capital raising announcement▲ GoodMajor
Deep Yellow raised about A$40.8M from institutions at A$0.65 per share (62,768,803 shares), with a further A$2M share purchase plan offered. Pro-forma cash about A$50M, to fund the Tumas DFS, exploration and targeted acquisitions, following the PFS.
What it means for a shareholder
62.8m new shares at about A$0.650 to raise about A$40.8m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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3 July 2019capital raising announcement▲ GoodMajor
SPP closed raising A$1.68M from 5,411,985 shares, and a shortfall placement adds A$612k from 1,973,571 shares. Total raised including the placement is A$11.29M before costs, completing the June raising.
25 June 2019capital raising announcement● Neutral
Reminder that the share purchase plan closes 28 June, with shares to be issued 5 July. No new information.
11 June 2019capital raising announcement▲ Good
The A$9M placement settled, with 29,032,258 shares issued at A$0.31. Lead manager Aitken Murray charged a 5% fee. Completes the placement announced 4 June; the SPP continues.
What it means for a shareholder
29.0m new shares at A$0.310 to raise about A$9.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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7 June 2019capital raising announcement● Neutral
Share purchase plan opened 7 June, with offer document sent to eligible shareholders. Up to A$15,000 each at A$0.31, as announced 4 June. Administrative release; no new terms of substance.
4 June 2019capital raising announcement▲ GoodMajor
Placement of 29,032,258 shares at A$0.31 raises about A$9M, a 7.4% discount, plus a share purchase plan for up to A$2.5M at the same price. Funds back more Namibian resource growth and acquisitions; the company says it is in talks with multiple parties.
What it means for a shareholder
29.0m new shares at A$0.310 to raise about A$9.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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16 June 2017capital raising announcement▲ GoodMajor
The remaining 32.1M shortfall shares were issued, completing the A$15.1M raising at A$0.25. Shares on issue now 190.0M, with 62.5M listed A$0.50 options. Funds go to Namibian drilling and possible acquisitions.
6 June 2017capital raising announcement● Neutral
19.5M shares and options from shareholder take-up were allotted, taking shares on issue to 149.1M. Sprott and CPS shortfall placements are still to come. Administrative step in the raising.
6 June 2017capital raising announcement● Neutral
A first part of the shortfall, 8.87M shares at A$0.25 placed via CPS, was issued, lifting shares on issue to 158.0M. Options issued total 10.87M, including 2M to CPS as part of its fees. Sprott balance still to settle.
What it means for a shareholder
8.9m new shares at A$0.250 to raise about A$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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2 June 2017capital raising announcement▲ GoodMajor
Entitlement offer closed with shareholders taking up about A$4.9M (19.5M shares). The A$10.2M shortfall looks covered: Sprott clients will subscribe A$8.0M and CPS has applications for A$2.2M. Raising looks on track to complete.
16 May 2017capital raising announcement● Neutral
Prospectus and acceptance forms posted to eligible shareholders, opening the A$15.1M entitlement offer. Timetable unchanged: closes 30 May, allotment 6 June. Administrative step.
9 May 2017capital raising announcement● Neutral
Notice letter sent to shareholders on the A$15.1M entitlement offer. Repeats the terms and timetable: record date 11 May, offer closes 30 May, allotment 6 June. Funds are for Namibian drilling, possible acquisitions and working capital. Administrative.
5 May 2017capital raising announcement● NeutralMajor
DYL plans a non-renounceable entitlement offer of up to A$15.1M at A$0.25 a share, 7 new for every 15 held, with a free A$0.50 option expiring 1 June 2022. Sprott will take up its 12.41% entitlement and seek to place the first A$7.5M of any shortfall.
5 May 2017capital raising announcement● Neutral
Prospectus lodged for the A$15.1M entitlement offer at A$0.25 per share, with free A$0.50 options. Offer is not underwritten and closes 30 May 2017. Formal document for the raising announced the same day; no new terms.
28 Oct 2016capital raising announcement▲ GoodMajor
The Sprott placement completed: 321.6M shares issued at 0.44c for A$1.415M, making ECP the largest shareholder. Justin Reid, a former Paladin executive, joins the board as Sprott's nominee. Top-up right still needs an ASX waiver.
What it means for a shareholder
322m new shares at $0.0044 to raise about $1.4m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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6 July 2016capital raising announcement● NeutralMajor
The Share Purchase Plan closed with 188.15M shares issued at 0.4c, raising $752,600, short of the $1m target. Funds go to further Tumas testwork; shares on issue rise to 2,135,927,004.
What it means for a shareholder
188m new shares at $0.004 to raise about $752,600. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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16 June 2016capital raising announcement● Neutral
Share Purchase Plan closing date extended to 1 July 2016 because some shareholders had not received documents or had mail delays. Price stays 0.4c; new shares are due to be issued 6 July. Timing change only.
31 May 2016capital raising announcement● NeutralMajor
Share Purchase Plan at 0.4c per share, a 20% discount, up to $15,000 per holder, aiming for up to $1m via 250M shares. Funds go to more Tumas testwork and working capital. Cash was $2.3m at March quarter end.
25 Aug 2014capital raising announcement▲ GoodMajor
Firm commitments for a placement of about 179.4m shares at 1.7c, around $3m. It covers the 113.1m entitlement shortfall ($1.9m) plus 66.3m shares ($1.1m) under the 15% capacity. Cash would exceed $5m, which the chairman says removes the need to return to market in the foreseeable future.
What it means for a shareholder
179m new shares at $0.017 to raise about $3.0m. 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 2014capital raising announcement● Neutral
89,013,543 shares at 1.7c ($1,513,230) were allotted from the entitlement issue, taking shares on issue to 1,708,965,890. The 113.1m shortfall shares are still to be placed. Paladin remains top holder at 18.67%.
What it means for a shareholder
89.0m new shares at $0.017 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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23 July 2014capital raising announcement● NeutralMajor
The entitlement issue closed with applications for 89,013,543 shares at 1.7c, raising $1,513,230, about 44% of entitlements. The remaining 113,118,169 shortfall shares are still to be placed by directors. This is well under the $3.4m maximum.
What it means for a shareholder
89.0m new shares at $0.017 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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