Past year: ▼ 33%(0.20c – 0.50c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
11 Mar 2010capital raising announcement● NeutralMajor
New Age plans a renounceable rights issue of one new share per share held at $0.085, plus one $0.10 option (expiring 31 March 2012) for every twelve new shares. It is fully underwritten by Patersons, with funds for working capital. Chairman's comment in the Fietz release cites $4.5m.
11 Mar 2010capital raising announcement● Neutral
Cover letter to shareholders restating the rights issue terms (1-for-1 at 8.5 cents, one option per twelve shares) and the indicative timetable. No new information beyond the prospectus.
11 Mar 2010capital raising announcement● Neutral
Prospectus for the 1-for-1 renounceable rights issue at 8.5 cents, raising $4,097,000 before costs, with one $0.10 option (expiring 31 March 2012) per twelve shares. Underwritten by Patersons; Fietz's Managing Director appointment is subject to completion. Closing date is 23 April 2010.
4 Oct 2006capital raising announcement▲ Good
New Age said its prospectus offer was fully subscribed with minimum subscriptions received, and it is now seeking re-quotation of its shares on the ASX. This completes the $2.2m raise at 20c.
8 Sept 2006capital raising announcement▼ Bad
The offer's closing date was extended from 8 to 29 September 2006 to reach the shareholder spread ASX requires for relisting. Expected relisting moves to 13 October 2006, so the return to trading is delayed.
8 Aug 2006capital raising announcement● Neutral
New Age announced its prospectus is open: 11m shares at 20c to raise $2.2m, with priority for NAE and Jervois holders on up to 7m shares. Funds cover Jervois farm-in spending; relisting expected 22 September 2006, drilling within three months after.
What it means for a shareholder
11.0m new shares at A$0.200 to raise about A$2.2m. That's 26% dilution: every existing holder's slice gets 26% smaller. If you held A$1,000 of shares (5,000 at the issue price), your slice goes from 0.016% to 0.0118% of the company. To keep it you'd need 1,763 more shares - about A$353 at the issue price.
Create a free account to see this worked out for your own holding.
31 July 2006capital raising announcement▲ GoodMajor
The renamed New Age Exploration lodged a prospectus to raise $2.2m by issuing 11m shares at 20c, not underwritten, to fund its Jervois farm-in commitments. This is the relisting step for the company, which has been off the ASX since 2001 (per later release).
What it means for a shareholder
11.0m new shares at A$0.200 to raise about A$2.2m. That's 26% dilution: every existing holder's slice gets 26% smaller. If you held A$1,000 of shares (5,000 at the issue price), your slice goes from 0.016% to 0.0118% of the company. To keep it you'd need 1,763 more shares - about A$353 at the issue price.
Create a free account to see this worked out for your own holding.
10 May 2006capital raising announcement● Neutral
Jervois Mining (the joint venture partner, not NAE) placed 39.2m shares at 1.4c to raise $549,010 for working capital. It also reached agreement in principle for Labtam to earn up to 60% of its WA tenements by spending $1.5m over three years.
What it means for a shareholder
39.2m new shares at A$0.014 to raise about A$549,010. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
