Past year: ▼ 35%(5.30c – 8.90c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
5 May 2014capital raising announcement● Neutral
Share Purchase Plan booklet sent to shareholders: up to $15,000 each at $0.05, opening 6 May and closing 27 May 2014, with allotment on 30 May. Combined raising with the placement is up to $1.435m. Implements the 22 April raising.
22 Apr 2014capital raising announcement● NeutralMajor
Placement of 11.69m shares at $0.05 to raise about $0.6m, plus a Share Purchase Plan capped at $861,000 at the same price. Funds are for accelerated Eastern Eyre drilling from May 2014 and working capital. Confirms the raising flagged by falling cash (earlier inference); directors take $0.17m, subject to shareholder approval.
What it means for a shareholder
11.7m new shares at A$0.050 to raise about A$600,000. That's 9.2% dilution: every existing holder's slice gets 9.2% smaller. If you held A$1,000 of shares (20,000 at the issue price), your slice goes from 0.0174% to 0.0158% of the company. To keep it you'd need 2,037 more shares - about A$102 at the issue price.
Create a free account to see this worked out for your own holding.
17 Nov 2010capital raising announcement▲ GoodMajor
Renaissance Uranium issued its IPO prospectus to raise $8.0 million via 40 million shares at $0.20, underwritten. It holds 8 uranium projects in South Australia and the Northern Territory covering about 14,600 km2; pro forma cash is $9.5 million.
What it means for a shareholder
40.0m new shares at A$0.200 to raise about A$8.0m. 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.
