Each one in plain English, with the numbers worked through for a shareholder.
21 June 2012capital raising announcement● Neutral
Delecta says it has been allocated its full $2M sub-underwritten shortfall, expecting 100M shares and 50M options around 26 June 2012. Delecta becomes the largest shareholder as a result (inference from the share numbers).
20 June 2012capital raising announcement● NeutralMajor
Shareholders took up only about 28% of the rights issue ($1.12M, 56.2M shares). The $2.89M shortfall goes to underwriter Patersons, including a $2M priority portion for Delecta. Allotment due 26 June 2012.
1 June 2012capital raising announcement● Neutral
Prospectus and supplementary prospectus dispatched for the roughly $4M underwritten rights issue. Acceptances close 5pm WST on 18 June 2012. Administrative.
24 May 2012capital raising announcement● Neutral
Cover letter to shareholders restating the rights issue timetable already announced: 2-for-1 at 2c with an attaching 3c option, about $4M, underwritten by Patersons. Meeting 15 June, close 18 June, allotment 26 June 2012. No new information.
21 May 2012capital raising announcement● Neutral
Letter to option holders on the rights issue: 2 new shares per share held at 2c with an attaching option, aiming for about $4M, with Patersons as underwriter. Options must be exercised by 5pm on 30 May 2012 to take part.
18 May 2012capital raising announcement● Neutral
Timetable for the $4M underwritten rights issue: prospectus lodged 21 May, record date 30 May, shareholder meeting 15 June, acceptances close 18 June, shares allotted 26 June 2012.
10 Feb 2012capital raising announcement▲ GoodMajor
Old note holders were paid $1,078,278 and winding-up proceedings are being discontinued. A $4M rights issue at 2c, underwritten by Patersons, proceeds, supported by $900k from Delecta Limited (secured, 12%) and $700k of director loans.
22 Sept 2011capital raising announcement▼ BadMajor
The company decided not to proceed with the 7 September rights issue, which aimed to raise up to $6.0M for Stage 2 drilling. No reason is given in the text, so funding for Stage 2 is now unclear.
13 Sept 2011capital raising announcement● Neutral
Notice to overseas shareholders that they cannot take part in the rights issue, which is offered only to holders in Australia and New Zealand, citing the cost of complying with foreign laws. Administrative.
9 Sept 2011capital raising announcement● Neutral
Shareholder letter on the rights issue: 1 new share per share held at 6c, record date 16 September, closing 7 October, up to 100,452,503 shares. The last close was 8c. Repeats the 7 September terms.
7 Sept 2011capital raising announcement● NeutralMajor
A 1-for-1 non-renounceable rights issue at 6c to raise up to $6,027,150 to fund Stage 2 drilling, with Patersons managing the shortfall. A JORC resource is expected after the next drilling stage. Closes 7 October.
25 Aug 2011capital raising announcement▼ BadMajor
A placement of 2,700,000 shares at 6 cents raised $162,000 for working capital. That is far below the 20c paid in the May raising and the 20c IPO price.
What it means for a shareholder
2.7m new shares at $0.060 to raise about $162,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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3 June 2011capital raising announcement▲ GoodMajor
The $1.2M placement flagged on 13 May is complete: 6,000,000 shares at 20c, with free 20c options (expiring 1 Nov 2012) on a 2-for-3 basis. CPS Securities also received 1,000,000 options. Shares on issue rise to 97,752,503.
What it means for a shareholder
6.0m new shares at $0.200 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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