Each one in plain English, with the numbers worked through for a shareholder.
4 Apr 2024capital raising announcement● Neutral
Cleansing prospectus for up to 9,009,010 shares at A$0.7503 (C$0.666), covering the charity flow-through part of the March raising so those shares can be resold. It adds no new funds beyond the announced raising.
What it means for a shareholder
9.0m new shares at A$0.7503 to raise about A$6.8m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
28 Mar 2024capital raising announcement▲ GoodMajor
FireFly raised A$52.2M via flow-through and institutional placements, about 81.5M shares at an average A$0.64. Funds will pay for a third drill rig at Green Bay. The company says this funds it for the next 18 months.
What it means for a shareholder
81.5m new shares at about A$0.6405 to raise about A$52.2m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Transaction-specific prospectus covering issue of 30,290,624 shares to Gold Hunter and 3,029,062 to Kluane Capital, both at a deemed A$0.5519. This is the share consideration for the Gold Hunter deal and the related liability; no new money is raised.
SPP share issue pushed back to 23 October 2023, as it depends on the Rambler (Green Bay) acquisition completing, now expected 20 October. Trading is expected from 24 October. Only a timing change to the earlier plan.
Supplementary prospectus formalising the SPP increase to A$5M: an extra 80,000,363 shares at 2.5c, so 200,000,363 in total. No shares will be issued under the shortfall offer. Legal paperwork for the already announced upsizing.
What it means for a shareholder
80.0m new shares at $0.025 to raise about $2.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
17 Oct 2023capital raising announcement▲ GoodMajor
Share purchase plan raised to A$5M from A$3M at 2.5c after about A$9.1M of applications; 200,000,363 shares to be issued, with applications scaled back. Brings total raised with the placement to A$60M, funding the Green Bay drilling program.
What it means for a shareholder
200m new shares at about A$0.025 to raise about A$5.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Share purchase plan received applications well above the A$3M target, so it will close early on 12 October 2023 to limit scale-backs. Shares are expected to be issued 19 October. The board may accept oversubscriptions.
Letter telling eligible shareholders the share purchase plan is open, at the same 2.5c price as the placement, for up to A$3M. It closes 19 October 2023. Repeats the prospectus terms already released, with no new information.
Prospectus for an up to A$3M share purchase plan at 2.5c (120M shares), a matching 120M-share shortfall offer, and 600M shares at a deemed 2.5c for the Rambler acquisition. Offers close 19 October 2023.
Firm commitments for a fully underwritten A$55M placement at 2.5c, plus up to A$3M from a share purchase plan, to fund Green Bay. Tranche 1 is A$8.7M; tranche 2 (A$46.3M) needs shareholder approval. Directors subscribe A$4.015M. Funds also support 40,000m of drilling.
2 Feb 2023capital raising announcement● NeutralMajor
Firm commitments for a ~A$9M placement of 180 million shares at 5c, a 12.3% discount to the last price of 5.7c. Funds go to winter regional exploration and resource step-out drilling, following December cash of A$5.4M. Lead manager Canaccord Genuity.
What it means for a shareholder
180m new shares at $0.050 to raise about $9.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
21 Feb 2022capital raising announcement● NeutralMajor
Firm commitments for a A$20M placement of 250M shares at 8c, a 4.8% discount to the last close, to fund further Pickle Crow drilling. Directors also sell about 52.5M shares (~A$4.2M), their first sales, partly to fund option exercises.
What it means for a shareholder
250m new shares at $0.080 to raise about $20.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Firm commitments confirmed for the ~$30.4M placement at $0.135, including two offshore resource funds. About 225m new shares settle around 13 July. A resource update is intended later in 2020.
6 July 2020capital raising announcement▲ GoodMajor
Auteco launched a fully underwritten placement of about $30.4M at $0.135 per share (about 225m shares, 16.8% of capital), a 10% discount to the last close. Canaccord underwrites. Proceeds accelerate Pickle Crow drilling, following the maiden resource and prior $5.1M raise at 3.5 cents.
What it means for a shareholder
225m new shares at about $0.1351 to raise about $30.4m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Auteco has firm commitments for a A$5.1M placement of 145.7m shares at 3.5 cents, a 2.4% premium to the 10-day VWAP. It funds the 5,000m maiden Pickle Crow drilling. Directors' $225,000 portion needs shareholder approval at a June meeting.
What it means for a shareholder
146m new shares at $0.035 to raise about $5.1m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
11 Feb 2019capital raising announcement▲ GoodMajor
Auteco has commitments for a $0.5M placement of 100m shares at $0.005 each. It needs shareholder approval, expected mid-March 2019, and would lift cash to about $0.8M. Funds are for Limestone Well and assessing new projects.
What it means for a shareholder
100m new shares at $0.005 to raise about $500,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
30 Nov 2018capital raising announcement● NeutralMajor
Auteco placed 180m shares to new investors to raise $360,000 (stated as 0.002 cents a share, which does not match the $360,000 total; the figure is likely 0.2 cents, an inference). Sam Brooks joins as executive director and Michael Naylor as non-executive director. Chairman Glenn Davis steps down and Ian Gordon becomes non-executive.
What it means for a shareholder
180m new shares at about $0.002 to raise about $360,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
12 June 2018capital raising announcement● NeutralMajor
Monax raised $184,968 from sophisticated investors via a placement of 57.8m shares at 0.32 cents each. Funds are for early Moolyella lithium exploration and to review and acquire new battery metals projects.
28 Feb 2018capital raising announcement● NeutralMajor
Monax raised $328,000 from existing shareholders via a placement of 82m shares at 0.4 cents each. Funds go to the Western Queen follow-up drilling (900m diamond, 240m RC, 1,000m aircore) and to speed up lithium exploration. Cash was only $0.28M at December.
What it means for a shareholder
82.0m new shares at $0.004 to raise about $328,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Monax raised $502,175 from existing investors via a placement of 111.6m shares at 0.45c each. Funds go to the first drilling at Western Queen, following the farm-in announced a week earlier.
What it means for a shareholder
112m new shares at $0.0045 to raise about $502,175. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
The Share Purchase Plan closed with applications for only 8.4m shares, raising $50,500 against the $800,000 sought. The company says it provides working capital for project due diligence; no drilling funding is mentioned.
What it means for a shareholder
8.4m new shares at about $0.006 to raise about $50,500. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
The Share Purchase Plan closing date was extended from 7 July to 31 July 2017 so shareholders can review Percyville drilling data. The company says further exploration depends on strong participation. Terms are unchanged at 0.6c per share, up to $800,000.
Offer documents for the $800,000 Share Purchase Plan at 0.6c per share were released. Eligible shareholders can apply for $500 to $15,000 each; the offer is not underwritten and closes 7 July 2017. No new terms.
14 June 2017capital raising announcement● NeutralMajor
Monax launched a Share Purchase Plan to raise up to $800,000 at 0.6c per share (a 20% discount), for up to 133.3m shares. Funds are for Percyville and Croydon work and project due diligence; it closes 7 July 2017.
What it means for a shareholder
133m new shares at about $0.006 to raise about $800,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Cleansing notice for 4,000,000 shares issued 18 October 2016 under the Percyville option and sale agreement with Zabel and the Fosters. Fulfils the share payment in the August term sheet; no cash raised.
20 July 2016capital raising announcement▲ GoodMajor
The rights issue shortfall was placed to sophisticated investors, raising about $914,000, and the issue was oversubscribed. Total raised now exceeds $1.5m before costs, resolving the shortfall left after weak shareholder take-up. Detailed Litchfield sampling starts next week.
13 July 2016capital raising announcement▼ BadMajor
Rights issue take-up was weak: of 150.4m shares offered, holders took 36.8m plus 17.0m additional, and underwriter Kennedy 5.1m, leaving a 91.4m-share shortfall (about $0.91m at 1.0c). New shares are due 15 July; the company may place the shortfall within three months.
The rights issue offer has closed. Results will be announced on 13 July once cleared funds are confirmed, and the shortfall will be handled under the prospectus. Administrative notice with no figures.
The rights issue closing date moves from 24 June to 8 July 2016, so shareholders can review the pending Mt Ringwood drilling and sampling results first. Allotment is now 15 July and trading of new shares 18 July. Extends the earlier timetable.
The rights issue prospectus and personalised acceptance forms were posted to eligible shareholders. The offer is 1 new share for every 2 held at 1.0c, aiming for about $1.52m, and the form states payment is due by 24 June 2016. Administrative mailing, no new terms.
