ROYALITE PETROLEUM CO INC.: announcements explained, share price

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

21 Jan 2009capital raising announcement● Neutral

On January 14, 2009 the company completed a private placement of 1,200,000 shares at $0.25 for $300,000 from two accredited investors, to be used for working capital. This adds shares at the same $0.25 price as the 2008 placement.

What it means for a shareholder

1.2m new shares at $0.250 to raise about $300,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.

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21 Feb 2007capital raising announcement● Neutral

Effective February 15, 2007 the company issued 460,000 units at $1.50 to non-U.S. persons and another 970,033 units to accredited investors. Each unit is one share plus a half warrant exercisable at $1.75 for one year. This is the $1.50 placement announced in August 2006, which adds new shares.

What it means for a shareholder

460,000 new shares at $1.50 to raise about $690,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.

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6 Feb 2007capital raising announcement● Neutral

Effective January 31, 2007 the company issued 1,880,162 units at $0.75 to non-U.S. persons and another 1,600,000 units to accredited investors. Each unit is one share plus a half warrant exercisable at $0.85 for one year. This is the $0.75 placement (3,480,200 units in total) previously described as subscribed, which adds new shares.

What it means for a shareholder

1.9m new shares at $0.750 to raise about $1.4m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.

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