9 Oct 2009capital raising announcement▲ Good
Monax allotted 24.35m SPP shares, raising $1.8m after a pro-rata scale-back of applications. This completes the raising announced on 1 October; funds are for Punt Hill, Kangaroo Island and Melton.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
1 Oct 2009capital raising announcement▲ GoodMajor
The SPP was oversubscribed and closed early, raising about $1.83m, around 24.35m shares, scaled back. With the $0.79m placement, the total is about $2.6m before costs. Funds go to Punt Hill, Kangaroo Island, keeping the Melton interest, and new projects.
What it means for a shareholder
24.4m new shares at about $0.0752 to raise about $1.8m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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17 Sept 2009capital raising announcement▲ GoodMajor
Monax placed about 10.5m shares at $0.075 to raise $790,000 from Chinese and Australian sophisticated investors, lifting shares on issue to 81.18m before the SPP. Funds go to Kohinoor, Punt Hill gravity, Waddikee working capital and new opportunities.
What it means for a shareholder
10.5m new shares at $0.075 to raise about $790,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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1 Sept 2009capital raising announcement● NeutralMajor
Monax announced a Share Purchase Plan at $0.075 a share, up to 21.19m shares (about $1.59m), a 25% discount to the prior close. Funds go to Kohinoor drilling and Punt Hill gravity; the company is reviewing all projects to streamline spending, and Waddikee work is fee-for-service.
20 May 2008capital raising announcement● NeutralMajor
Monax received firm commitments for a further $0.3m placement at 22 cents, taking shares on issue to 69,047,102. The funds join the $2.55m previously raised by placement and share purchase plan, for Waddikee, Punt Hill and other exploration.
19 May 2008capital raising announcement● Neutral
The chairman's letter says the share purchase plan raised about $1 million, with all valid applications accepted. That is well short of the up to $3.7m sought in March at 22 cents.
9 Apr 2008capital raising announcement● Neutral
Share purchase plan documents mailed to eligible shareholders: up to $4,999.94 each at 22 cents, offer opening 11 April and closing 28 April. Administrative follow-up to the 26 March announcement; no new terms beyond the timetable.
1 Apr 2008capital raising announcement● NeutralMajor
Monax secured firm commitments for a $1.5m placement at 22 cents to sophisticated investors, lifting shares on issue to 62,901,705. Funds go to Waddikee manganese and iron ore and Punt Hill. Runs alongside the share purchase plan.
26 Mar 2008capital raising announcement● NeutralMajor
Monax announced a share purchase plan for up to $3.7m (16.8m shares) at 22 cents, open to shareholders on the register at 4 April 2008. Funds were for Waddikee manganese and iron ore, Punt Hill IOCG drill targets and a PACE-funded Dingo Hill gold program.
What it means for a shareholder
16.8m new shares at $0.220 to raise about $3.7m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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16 Oct 2007capital raising announcement▲ Good
Marmota's IPO passed its $7.5m minimum subscription. The Monax holder priority offer (up to $5m) closes 2 November, and listing depends on Monax shareholder approval at the 8 November meeting. Monax would hold 25.7% if the IPO is fully subscribed.
18 June 2007capital raising announcement▲ Good
Shortfall allotment completed: 2,415,591 shares at 70c, scaled back, none to directors. Total rights issue raised $3.5m before costs, finishing the April raising alongside the $1.19m placement.
What it means for a shareholder
2.4m new shares at $0.700 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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31 May 2007capital raising announcement● Neutral
Chairman's letter sent with holding statements after the rights issue allotment. Entitlement acceptances were 2,593,863 shares ($1.816m), slightly different from the 23 May figure. The shortfall of up to 2,415,591 shares is yet to be allocated.
23 May 2007capital raising announcement▲ GoodMajor
Rights issue closed oversubscribed. Existing holders took up 2,594,563 shares (51.8%), raising $1.82m. Applications for the remaining shortfall of 2,414,891 shares ($1.69m) exceeded the shares available, and directors will allocate them.
4 May 2007capital raising announcement● Neutral
Cover letter mailing the rights issue prospectus. A stop-press note says the last sale price on 24 April was $1.175, making the 70c issue price a 40.85% discount. No new terms.
19 Apr 2007capital raising announcement● Neutral
Prospectus lodged for the 1-for-10 rights issue of about 5.1m shares at 70c, raising about $3.56m. Not underwritten; directors may place any shortfall. Text is truncated; the terms match the 5 April announcement.
What it means for a shareholder
5.1m new shares at $0.700 to raise about $3.6m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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5 Apr 2007capital raising announcement● NeutralMajor
Raising $1.19m via a placement of 1.7m shares at 70c, plus a 1-for-10 non-renounceable rights issue of up to 5,086,667 shares at 70c ($3.56m). Funds the expanded IOCGU drilling at Punt Hill and working capital. Rights issue not underwritten.
What it means for a shareholder
1.7m new shares at $0.700 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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