Past year: ▼ 35%(20.5c – 47.0c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
21 May 2008capital raising announcement● Neutral
Company says the first Falco placement, due to close 19 May, was delayed by a Canadian public holiday. It understands the placement is fully subscribed and expects to announce completion within days. Part of the minimum A$2.2m raise announced 9 May.
9 May 2008capital raising announcement● NeutralMajor
Agreement via Canadian consultant Falco to raise at least A$2.2m in two placements: 10m shares at A$0.22 (closing 19 May), then 10m at a discount to market by 5 August, each with free options. Falco gets A$15,000 monthly and 17m options, subject to shareholder approval. London or Toronto listing is being considered.
What it means for a shareholder
10.0m new shares at A$0.220 to raise about A$2.2m. That's 3.5% dilution: every existing holder's slice gets 3.5% smaller. If you held A$1,000 of shares (4,545 at the issue price), your slice goes from 0.00166% to 0.0016% of the company. To keep it you'd need 166 more shares - about A$37 at the issue price.
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18 Dec 2006capital raising announcement▲ GoodMajor
The company raised A$1.9m by placing 9.5m shares at 20 cents, with two free listed options for every three shares. Funds go to accelerated Marenica exploration and working capital, using the placement authority approved at the AGM.
What it means for a shareholder
9.5m new shares at A$0.200 to raise about A$1.9m. That's 4.7% dilution: every existing holder's slice gets 4.7% smaller. If you held A$1,000 of shares (5,000 at the issue price), your slice goes from 0.0026% to 0.00248% of the company. To keep it you'd need 247 more shares - about A$49 at the issue price.
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