Each one in plain English, with the numbers worked through for a shareholder.
20 May 2021capital raising announcement▲ GoodMajor
Province raises A$18m at A$0.15 per share through a placement of 120m shares, led by Canaccord Genuity and Inyati Capital, bringing cash to over A$23m. Far larger than the earlier A$0.008 and A$0.015 raisings, it funds HyEnergy scoping and feasibility studies and mineral exploration.
21 Jan 2021capital raising announcement▲ Good
Underwriter has placed the full shortfall, completing the A$2,129,917 raising. Underwriter options were issued after shareholders approved them at the 18 January meeting. Resolves the raising thread.
21 Dec 2020capital raising announcement● Neutral
Rights issue closed with 51% take-up: 96.9m shares raising A$775,519 of the A$1.53m sought, leaving a A$755,364 shortfall for the underwriter. Total raising of A$2,129,917 at 0.8 cents, including the A$599,039 placement.
What it means for a shareholder
96.9m new shares at about A$0.008 to raise about A$775,519. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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7 Dec 2020capital raising announcement● Neutral
Entitlement offer documents and acceptance forms posted to shareholders; the offer closes 16 December 2020. Administrative step in the A$2.1m raising.
25 Nov 2020capital raising announcement● NeutralMajor
Raising about A$2.1m at 0.8 cents a share: A$599,000 placement of 74.9m shares plus a 1-for-3 entitlement offer of up to A$1.5m, underwritten by Vert Capital for a 6% fee. Funds go to Pascalle, Gnama, new acquisitions and working capital.
What it means for a shareholder
74.9m new shares at about A$0.028 to raise about A$2.1m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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15 Oct 2018capital raising announcement▲ GoodMajor
The public offer received applications and commitments above the A$3m maximum, confirming the Skåne raising is fully covered. The closing date was extended to 19 October 2018 to allow settlement.
18 Sept 2018capital raising announcement● Neutral
Prospectus lodged for the Skåne re-compliance: 92.6m shares at 2.7c to raise A$2.5m, with up to A$500k oversubscriptions. It also offers vendor shares and 112.5m performance shares, noteholder shares, and 47.5m management and 12.5m adviser options. Conditional on the public offer.
What it means for a shareholder
92.6m new shares at A$0.027 to raise about A$2.5m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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10 Aug 2018capital raising announcement▲ GoodMajor
Following strong indicative interest, the company will accept up to A$500k oversubscriptions, lifting the maximum raising for the Skåne deal to A$3m (minimum A$2.5m) at 2.7c per share. A shareholder meeting on 12 September 2018 will vote on the acquisition.
14 Dec 2015capital raising announcement▲ GoodMajor
Prospectus offers 162.5m shares at A$0.02 to raise A$3.25m, conditional on re-complying with ASX Chapters 1 and 2 for the AssembleBay acquisition. This replaces the failed 2013 raise; the company would be renamed AssembleBay Limited.
13 July 2015capital raising announcement▲ GoodMajor
The 1-for-5 consolidation took effect, leaving 7.5m shares. A 24m-share placement at A$0.005 raised A$120k, with 1.22m shares issued to clear A$270k of debts, bringing shares on issue to 32.7m. Completes the approved 6 July recapitalisation.
19 Dec 2013capital raising announcement● NeutralMajor
Placement of 4,896,861 shares to sophisticated investors at A$0.01, together with a treasury stock sale, raised A$66,360 for working capital. A very small raise compared with the A$4m–7m prospectus that failed.
What it means for a shareholder
4.9m new shares at A$0.010 to raise about A$66,360. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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28 Feb 2013capital raising announcement▼ BadMajor
The prospectus offer closed undersubscribed and will not proceed, with all applications refunded. The company is assessing how to fund its 49.9% Statesman Africa acquisition. Block 14 entry is left unfunded and relisting is in doubt.
20 Feb 2013capital raising announcement● Neutral
Prospectus closing date extended again, to 28 February 2013. No reason is given.
31 Jan 2013capital raising announcement● Neutral
Prospectus closing date extended again, to 20 February 2013. No reason is given.
9 Jan 2013capital raising announcement● Neutral
Letter to shareholders recapping the Block 14 acquisition and the A$4m–7m prospectus at 20c. Shares remain suspended, with the offer open to 31 Jan 2013 and relisting expected in February. Nothing new.
21 Dec 2012capital raising announcement● Neutral
Prospectus closing date extended again, to 31 January 2013. No reason is given.
17 Dec 2012capital raising announcement● Neutral
Prospectus closing date extended to 21 December 2012. No reason is given.
30 Nov 2012capital raising announcement● NeutralMajor
Re-compliance prospectus offers 20m shares at A$0.20 to raise A$4m, with up to A$3m more in oversubscriptions. It is not underwritten and is conditional on re-admission requirements. The 1:23 consolidation was approved on 30 Nov 2012.
What it means for a shareholder
20.0m new shares at A$0.200 to raise about A$4.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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23 Nov 2012capital raising announcement● NeutralMajor
Share consolidation set at 1 for 23, based on a 0.88c average price. If shareholders approve at the 30 Nov AGM, the company plans a prospectus to raise up to A$7m for Block 14 and other oil and gas opportunities.
23 May 2011capital raising announcement● Neutral
Share purchase plan closed with 46 applications for 18.05m shares, raising A$234,650, well below the roughly A$1.025m targeted. All applicants get full allotment; funds go to working capital.
What it means for a shareholder
18.1m new shares at about A$0.013 to raise about A$234,650. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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27 Apr 2011capital raising announcement● NeutralMajor
Offers eligible shareholders a share purchase plan at 1.3 cents per share, up to A$14,950 each, to raise up to about A$1.025m; the price is a 19.75% discount to the 5-day average price. Closes 19 May 2011. Proceeds fund Syria Block 9 work if the Triton deal completes.
21 Apr 2011capital raising announcement● Neutral
Duplicate of the previous notice: 75,000,000 shares issued on 21 April 2011 to professional and sophisticated investors. Nothing new.
21 Apr 2011capital raising announcement● Neutral
Issued 75,000,000 shares to professional and sophisticated investors on 21 April 2011. This is a compliance notice; the text gives no price, though the later SPP letter refers to a 1.3 cent placement announced 18 April.
24 Nov 2009capital raising announcement▲ GoodMajor
Prospectus seeks at least A$1.6m and up to A$2.2m via 320–440m shares at 0.5 cents, plus smaller offers and options. Company has only the Australian Ethanol Business left after administration, with creditor claims released. Aims to lift suspension and pursue energy and resources projects.
What it means for a shareholder
440m new shares at A$0.005 to raise about A$2.2m. 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 2008capital raising announcement● NeutralMajor
Agrees a US$30m investor capital injection, with two initial payments received, and needs shareholder approval. Beatrice Biodiesel LLC filed Chapter 11 on 21 August 2008 for breathing room. Unaudited FY08 loss A$24.3m.
8 Oct 2007capital raising announcement▼ BadMajor
Withdraws the share purchase plan, saying the share price fell below the 24c offer price and the Beatrice delay was news not known when the plan launched. Funds will be returned. The company is working with the underwriter to secure replacement funding.
3 Oct 2007capital raising announcement● Neutral
Share purchase plan closing date extended from 3 October to 8 October 2007. Payments must be by cheque as BPay closes after 3 October. Administrative only.
12 Sept 2007capital raising announcement● Neutral
Sends the share purchase plan offer documents to shareholders. The letter says the plan reinstates one withdrawn in 2006 after the Amaranth failure. It now says Beatrice biodiesel production is scheduled for October 2007, a month later than recent guidance.
6 Sept 2007capital raising announcement● NeutralMajor
Announces a share purchase plan offering eligible holders up to A$4,999.92 of shares at 24 cents, a 10.3% discount to the recent five-day average price. Transocean underwrites any shortfall up to A$3m. Offer runs 12 September to 3 October.
5 Dec 2006capital raising announcement● NeutralMajor
Secures a A$40 million placement of 114.28 million shares at 35c, subject to a mid-January 2007 shareholder vote, replacing the failed Amaranth note. It includes a A$10 million bridging loan from BlueCrest, converting to shares, and a A$25 million Cornell equity line. The price is well below the earlier 52c.
