Each one in plain English, with the numbers worked through for a shareholder.
16 Sept 2016capital raising announcement● NeutralMajor
Actual funds raised were $6,232,200, near the $6M minimum rather than the $9M maximum. Planned spend includes $1.36M Zone 1 drilling and $867,000 Zone 2 drilling, from $6.58M total including existing cash.
5 Sept 2016capital raising announcement● Neutral
The offer under the 28 July prospectus has closed. The company will now complete the Austrian lithium acquisition and seek re-admission to the ASX. Amount raised not stated here.
25 Aug 2016capital raising announcement● Neutral
The closing date for the 28 July prospectus offer is extended to Friday 2 September 2016. No change to terms is stated.
28 July 2016capital raising announcement● Neutral
Second replacement prospectus dated 28 July 2016, following the ASIC stop order. Headline terms unchanged: up to $9,000,000 at $0.08 per share. Completion remains conditional.
1 July 2016capital raising announcement● Neutral
Replacement prospectus dated 1 July 2016 replaces the 21 June version, with the same offer: up to $9,000,000 at $0.08 per share. Text shows no change to the headline terms.
21 June 2016capital raising announcement● NeutralMajor
Re-compliance prospectus to raise up to $9,000,000 via 112,500,000 shares at $0.08, plus up to 250,000,000 shares to European Lithium holders and up to 31,250,000 shares and 200,000,000 options to lead manager EverBlu. Company to be renamed European Lithium; Tony Sage proposed chair, Dr Steve Kesler proposed CEO.
What it means for a shareholder
113m new shares at $0.080 to raise about $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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23 Feb 2016capital raising announcement▼ BadMajor
The 1-for-1 rights issue raised only $84,743, a 7.2% take-up (2,118,563 shares), against up to $1,176,716 sought. Directors have 3 months to place the 27,299,337-share shortfall. Shares on issue become 31,536,463.
What it means for a shareholder
2.1m new shares at about $0.040 to raise about $84,743. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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10 Feb 2016capital raising announcement● Neutral
Confirms the rights issue prospectus and application form were sent to eligible holders on the 4 February 2016 record date. Administrative notice only.
3 Feb 2016capital raising announcement● Neutral
Letter to eligible shareholders on the 1-for-1 rights issue at $0.04, closing 18 February 2016. Restates known timetable and use of funds, including $250,000 for exploration. Administrative notice.
3 Feb 2016capital raising announcement● Neutral
Letter telling shareholders outside Australia and New Zealand they cannot take part in the 1-for-1 rights issue. Administrative notice of the known offer.
28 Jan 2016capital raising announcement● NeutralMajor
Offers 1 new share for every 1 held at $0.04 to raise up to $1,176,716 (29.4M shares), not underwritten. The chairman says directors will now also evaluate projects outside the resources industry, citing falling commodity prices. This is a strategy shift.
What it means for a shareholder
29.4m new shares at about $0.040 to raise about $1.2m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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28 Jan 2016capital raising announcement● Neutral
Letter to optionholders on the 1-for-1 rights issue at $0.04. Options carry no right to participate unless exercised by 3 February 2016. Restates known terms and use of funds; administrative.
2 Sept 2015capital raising announcement▲ GoodMajor
The whole 5,789,480-share rights shortfall was placed at $0.05, raising $289,474 and bringing the rights issue total to $534,871. Shares on issue rise to 29,417,900. The company says it is doing due diligence on a possible new substantial asset.
8 July 2015capital raising announcement● Neutral
Shares from the rights issue have been allotted and holding statements dispatched. Administrative confirmation of the $245,397 raise; no new information.
3 July 2015capital raising announcement● NeutralMajor
Rights issue closed raising $245,397, a 46% take-up of the 4-for-7 offer at $0.05. That is below the $534,871 sought. 4,907,938 shares are applied for, leaving a shortfall of 5,789,480 shares that directors have three months to place.
18 June 2015capital raising announcement● Neutral
Confirms the rights issue prospectus and application form were sent to eligible shareholders on the 15 June record date register. Administrative notice only.
10 June 2015capital raising announcement● Neutral
Letter telling shareholders outside Australia and New Zealand they cannot take part in the rights issue. A broker will sell their shares and send any net proceeds, which may be nil. Administrative notice of the known offer.
10 June 2015capital raising announcement● Neutral
Letter to eligible shareholders on the 4-for-7 rights issue at $0.05, closing 29 June. Restates the known timetable and use of funds. Total shares would be about 29.4M if fully taken up. Administrative notice.
9 June 2015capital raising announcement● Neutral
Letter to optionholders on the 4-for-7 rights issue at $0.05. Options give no right to participate unless exercised before the 15 June record date; exercise paperwork is due by 14 June. Restates the known use of funds; no new terms.
5 June 2015capital raising announcement● NeutralMajor
Offers 4 new shares for every 7 held at $0.05 to raise up to $534,871 (10.7M shares), not underwritten. Funds go to Paynes Find exploration and working capital. Relisting requires funding for two quarters of operations.
20 Mar 2015capital raising announcement● Neutral
Supplementary prospectus notes the Stage 2 option extension to 31 March 2015. If the option lapses, no shares are issued and application money is refunded without interest. Applicants may withdraw before 20 April. Mr Holcomb is to be an executive director, not non-executive as earlier stated.
27 Feb 2015capital raising announcement● NeutralMajor
Re-compliance prospectus to raise up to $8M by issuing 80M shares at $0.10, after the 1-for-50 consolidation. The company is to be renamed Arkoma Energy. It is needed for ASX re-admission and to fund the Canadian River purchase. Text truncated; the minimum is not shown here.
What it means for a shareholder
80.0m new shares at $0.100 to raise about $8.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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28 Aug 2014capital raising announcement▼ BadMajor
Rights issue closed raising $312,650, a 31% take-up of the $1,007,877 sought, at $0.001 per share. 312,650,280 shares are issued, leaving a shortfall of 695,226,220 shares that directors have three months to place.
14 Aug 2014capital raising announcement● Neutral
Confirms the rights issue prospectus and application form were sent to eligible shareholders on the 11 August record date register. Administrative notice only.
1 Aug 2014capital raising announcement● Neutral
Letter to eligible shareholders repeating the 5-for-2 rights issue at $0.001, with the options for accepting, selling or ignoring entitlements. Offer closes 25 August 2014; doing nothing dilutes holders. No new terms.
1 Aug 2014capital raising announcement● Neutral
Letter to optionholders on the 5-for-2 rights issue at $0.001. Options carry no right to take part unless exercised and shares issued before the 11 August record date; exercise paperwork is due by 8 August. Adds no new terms.
1 Aug 2014capital raising announcement● Neutral
Letter telling shareholders outside Australia and New Zealand they cannot take part in the rights issue. A nominee will sell their rights and send any net proceeds, which may be nil. Administrative notice of the known offer.
30 July 2014capital raising announcement● NeutralMajor
Launches a 5-for-2 renounceable rights issue at $0.001 per share to raise up to $1,007,877, not underwritten. Planned uses include $260,000 to repay the Delecta loan, $250,000 for exploration and $200,000 for payables. Fully subscribed, shares on issue would reach about 1.41 billion.
29 June 2012capital raising announcement▲ Good
Request to ASX to resume trading after the raising. Company reports it is debt free with $3.7M cash; planned use includes $1.8M for Phase 2 drilling and $1.86M working capital.
28 June 2012capital raising announcement▲ GoodMajor
The $4M rights issue is completed along with a $1M placement on the same terms, approved at the 15 June meeting. Company says it is debt free; director loans were repaid in shares. Re-quotation requested.
