4 Dec 2009other● Neutral
Company constitution lodged with ASX as a listing requirement. Administrative document with no new substance.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
4 Dec 2009other● Neutral
Stanmore Coal was admitted to the ASX Official List on 4 December 2009, with 39,957,345 shares at $0.20 to begin quotation on 9 December under code SMR.
4 Dec 2009other● Neutral
Administrative list of pre-quotation disclosures to ASX, including the $850,000 cash and 9,000,000 shares paid to the CCC Vendors for the Comet Coal & Coke acquisition. No new information beyond the prospectus.
4 Dec 2009other● Neutral
ASX listing circular confirming quotation of 39,957,345 shares from 9 December 2009. Describes the company as a coking and PCI coal explorer and lists unquoted securities, including 36,585,125 seed shares and 9,000,000 shares to the CCC Vendors.
4 Dec 2009other● Neutral
Rules of the Employee Share and Option Plan, filed as a listing requirement. Administrative; no grants or figures announced.
4 Dec 2009capital raising announcement▲ GoodMajor
Confirms the IPO closed on 27 November 2009, raising $6,000,000 from 30,000,000 shares at $0.20, and that the Comet Coal & Coke purchase was completed with 9,000,000 shares and $850,000 cash. Tim Jones appointed Exploration Manager.
What it means for a shareholder
30.0m new shares at A$0.200 to raise about A$6.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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4 Dec 2009other● Neutral
Registry letter confirming escrow of 53,255,814 of 93,213,159 shares, plus 10,375,000 unlisted options. Administrative; it shows most existing holders are locked up after listing.
4 Dec 2009security holder rights change● Neutral
Standard terms and conditions for the company's unlisted options. Administrative document with no new transaction or figures.
20 Nov 2009other● NeutralMajor
Prospectus for Stanmore Coal's IPO offering 30,000,000 shares at $0.20 to raise $6 million, with Bizzell Capital and RBS Morgans as joint lead managers. Text is largely garbled, so details beyond the offer terms are not readable.