Each one in plain English, with the numbers worked through for a shareholder.
31 Oct 2025capital raising announcement▲ GoodMajor
Raises $25M through a placement of about 71.4M shares at $0.35, a 12.5% discount to the last close. Lifts pro-forma cash to about $43.9M from $18.9M. Funds go to the pilot plant, Marenica work, drilling in Namibia and Australia, and possible acquisitions. Shares on issue rise to about 457M.
What it means for a shareholder
71.4m new shares at A$0.350 to raise about A$25.0m. That's 16% dilution: every existing holder's slice gets 16% smaller. If you held A$1,000 of shares (2,857 at the issue price), your slice goes from 0.000741% to 0.000625% of the company. To keep it you'd need 529 more shares - about A$185 at the issue price.
22 Oct 2024capital raising announcement▲ GoodMajor
Raises $25M in a two-tranche placement at $0.325 per share, a 14.5% discount to the last close. Paradice commits ~$12.4M for ~9.9%. Funds an U-pgrade demonstration plant, the Koppies scoping study and ~100,000m of drilling. Tranche 2 (~$14.5M) needs shareholder approval.
Company closed the placement option and broker option offers under the 18 December prospectus on 20 December 2023. Administrative notice completing the December placement paperwork.
Prospectus for the options attached to the $10M placement: 11,904,798 placement options and 3,000,000 broker options to the joint lead managers. It raises no money from the placement offer and $30 from the broker offer. Administrative follow-up to the 8 December raising.
Raises $10.0M through a placement of 23.8M shares at $0.42, an 18.4% discount to the last close, with one free $0.60 option per two shares. Cash was $7.1M at 6 December. Funds expand drilling to five rigs in Namibia, and add Australian drilling and a Koppies scoping study.
What it means for a shareholder
23.8m new shares at A$0.420 to raise about A$10.0m. That's 7.8% dilution: every existing holder's slice gets 7.8% smaller. If you held A$1,000 of shares (2,381 at the issue price), your slice goes from 0.000841% to 0.000776% of the company. To keep it you'd need 200 more shares - about A$84 at the issue price.
25 Nov 2021capital raising announcement▲ GoodMajor
Placement of about 25.6M shares at $0.45 raises $11.5M before costs, an 11.8% discount to the last close of $0.51. Lifts cash to about $17.6M. Funds Koppies resource drilling and exploration; a maiden Koppies JORC resource is targeted for early 2022.
What it means for a shareholder
25.6m new shares at A$0.450 to raise about A$11.5m. That's 9.9% dilution: every existing holder's slice gets 9.9% smaller. If you held A$1,000 of shares (2,222 at the issue price), your slice goes from 0.000951% to 0.000857% of the company. To keep it you'd need 243 more shares - about A$109 at the issue price.
25 Nov 2020capital raising announcement▲ GoodMajor
Placement binding commitments to raise $2.6M at 8.8c (29,545,454 shares), matching the SPP price; with the $2.8M SPP the total is $5.4M. Directors and officers commit $335,000; the company says it is funded for at least 18 months. Completes the flagged top-up placement.
What it means for a shareholder
29.5m new shares at about A$0.088 to raise about A$2.6m. That's 14% dilution: every existing holder's slice gets 14% smaller. If you held A$1,000 of shares (11,364 at the issue price), your slice goes from 0.00649% to 0.00555% of the company. To keep it you'd need 1,918 more shares - about A$169 at the issue price.
19 Nov 2020capital raising announcement▲ GoodMajor
SPP closed with applications for 31,660,619 shares raising $2,786,140 before costs, short of the $3.75M target but above the $2.0M underwritten amount. Shares to be issued 24 November 2020.
What it means for a shareholder
31.7m new shares at about A$0.088 to raise about A$2.8m. That's 18% dilution: every existing holder's slice gets 18% smaller. If you held A$1,000 of shares (11,364 at the issue price), your slice goes from 0.00793% to 0.00649% of the company. To keep it you'd need 2,510 more shares - about A$221 at the issue price.
SPP closing date extended a week to 17 November 2020 after shareholders reported postal delays; later dates also move back seven days. Offer terms are unchanged at 8.8c, up to $3.75M.
SPP offer letter to eligible shareholders: $5,000 to $30,000 each at 8.8c, closing 10 November 2020, up to 42.6M new shares. Directors intend to take up their full entitlements. Repeats the 21 October announcement terms.
21 Oct 2020capital raising announcement● NeutralMajor
Share Purchase Plan to raise up to $3.75M at 8.8c, a 10% discount to the 5-day VWAP, partly underwritten to $2.0M by Viriathus. A further placement of up to $2.6M may follow. Funds go to detailed Hirabeb exploration and testing U-pgrade on the Australian assets.
Prospectus offers 26,349,989 free placement options to participants in the $1,001,300 placement, plus 1,000,000 broker options to Viriathus. No funds are raised. It follows the April placement and the option terms it announced.
Binding commitments to raise $1.0M (26.35M shares at 3.8c, a 6.82% discount to the 15-day VWAP) with free 10c options expiring June 2023. Tranche 2 and $135,000 of director money need shareholder approval. Share price had been 6.6c in January. Non-executive directors forgo fees to 30 June.
What it means for a shareholder
26.4m new shares at A$0.038 to raise about A$1.0m. That's 18% dilution: every existing holder's slice gets 18% smaller. If you held A$1,000 of shares (26,316 at the issue price), your slice goes from 0.0225% to 0.0184% of the company. To keep it you'd need 5,926 more shares - about A$225 at the issue price.
Prospectus for 16,012,417 placement options and 3,202,483 broker options, plus 27.5M converting preference shares to Optimal for the acquisition. All depend on a general meeting proposed for 10 December 2019. Only $320.24 is raised.
Compliance notice on the placement of 16,012,417 shares, of which 5,030,574 were issued under the 7.1A capacity. Dilution to prior holders from that portion is 7.1%. No underwriting. Broker options need shareholder approval.
26 July 2019capital raising announcement▲ GoodMajor
Marenica raises $1.6M via a placement of 16.0M shares at 10c, each with a free 17c option over two years. Funds go to Namibian exploration, the Optimal assets and U-pgrade. Options need shareholder approval; completion of the Optimal deal is expected in September.
What it means for a shareholder
16.0m new shares at A$0.100 to raise about A$1.6m. That's 18% dilution: every existing holder's slice gets 18% smaller. If you held A$1,000 of shares (10,000 at the issue price), your slice goes from 0.0137% to 0.0112% of the company. To keep it you'd need 2,185 more shares - about A$219 at the issue price.
Marenica raises $1.178M by placing 11.78M shares at 10c, with one 17c two-year option per two shares. Tranche 1 is 8.61M shares; tranche 2 and the options need shareholder approval. Total shares would reach 69.18M. Funds go to U-pgrade outreach and acquisitions.
What it means for a shareholder
11.8m new shares at A$0.100 to raise about A$1.2m. That's 17% dilution: every existing holder's slice gets 17% smaller. If you held A$1,000 of shares (10,000 at the issue price), your slice goes from 0.0174% to 0.0145% of the company. To keep it you'd need 2,052 more shares - about A$205 at the issue price.
19 Mar 2018capital raising announcement● NeutralMajor
Placement of 10.62M shares at 10c raises $1.062M, with one free option for every two shares (17c exercise price, two years). The first tranche is 7.02M shares; the second, plus all options, needs shareholder approval. It funds portfolio-building and asset acquisition. Shares would reach 57.4M.
3 Aug 2017capital raising announcement● NeutralMajor
Shortfall placement of 1,401,236 shares at $0.13 raises $182,161. Hanlong will subscribe $180,000 (1,384,616 shares at $0.13, subject to approval), provided meanwhile as a converting loan. Hanlong also agrees to take its $132,054 November interest in shares, completing the $1.7M target.
Marenica issues 745,443 shortfall shares plus 2,940,000 shares completing placement tranche 2, approved by shareholders on 2 June, and a further 81,192 shares for oversubscriptions. A shortfall of 2,706,991 shares remains to be placed by 29 August at no less than $0.13.
Rights issue closes with valid applications of $303,048 for 2,331,141 shares at $0.13, well short of the $751,865 sought. The board will try to place the 3,452,434-share shortfall within three months.
What it means for a shareholder
2.3m new shares at A$0.130 to raise about A$303,048. That's 5.3% dilution: every existing holder's slice gets 5.3% smaller. If you held A$1,000 of shares (7,692 at the issue price), your slice goes from 0.0185% to 0.0175% of the company. To keep it you'd need 431 more shares - about A$56 at the issue price.
Letters sent to shareholders on the rights issue. Planned use of the $751,865: $325,000 for new commercialisation deals, $110,000 for creditors, and $78,541 Hanlong interest, which is offset against Hanlong's entitlement, cutting cash raised to $673,324. Shares would reach about 41.6M.
Offer document for the rights issue announced in April: 1 new share for every 6.2 held at $0.13, to raise about $751,865. Opens 8 May, closes 29 May 2017; not underwritten, Patersons is lead manager.
Marenica raises $1.7M at 13 cents a share: a $951,200 placement plus a $748,800 rights issue of 1 new share for every 6.2 held. Funds go to finding resource owners and uranium project access. Shares stay suspended pending the scoping study result.
9 Nov 2016capital raising announcement● NeutralMajor
Marenica raises $500,000 by placing 5,000,000 shares at $0.10, a 20% discount to the last price. Only $100,000 is issued now; $400,000 needs shareholder approval. Hanlong defers note interest to 30 April 2017 at 12% instead of 8%.
Deep Yellow, Marenica's testwork client, launches a share purchase plan at 0.4 cents per share to raise up to $1M, mainly for further Tumas testwork. Not a Marenica raising; it shows Deep Yellow is funding the Tumas path. Text truncated.
Mingsun, an existing holder of about 10%, subscribed for 400,064 more shares at 12.4 cents ($49,608). This lifts the total raised from $697,400 to $747,008.
Raising completed at $697,400 against a $500,000 target: $506,000 from the SPP plus $191,400 of placements at $0.107. The chairman says this funds U-pgrade development well into 2017.
Marenica received offers for $186,400 of extra placement shares at $0.107, on top of at least $400,000 underwritten under the SPP. Total funding will exceed the SPP maximum, so the SPP closes as scheduled that day.
Cleansing notice confirming Marenica can offer shares under the share purchase plan announced 10 February 2016 without a disclosure document. Administrative; no new substance.
