Each one in plain English, with the numbers worked through for a shareholder.
24 Feb 2026capital raising announcement● Neutral
A small placement raised about A$1.1m from existing shareholders by issuing about 19.3m shares at A$0.06, the same price as the entitlement offer. Funds go to working capital and balance sheet; shares were issued on 23 February 2026.
What it means for a shareholder
19.3m new shares at A$0.060 to raise about A$1.1m. That's 3.7% dilution: every existing holder's slice gets 3.7% smaller. If you held A$1,000 of shares (16,667 at the issue price), your slice goes from 0.00332% to 0.0032% of the company. To keep it you'd need 641 more shares - about A$38 at the issue price.
22 Jan 2026capital raising announcement▲ GoodMajor
The entitlement offer raised the full A$60m at A$0.06, despite only A$40m being underwritten at launch. Eligible shareholders took about 462.8m new shares (about A$28m); the balance went to the underwriter and Orbit, which increases its stake. New shares trade from 28 January 2026.
What it means for a shareholder
463m new shares at about A$0.1296 to raise about A$60.0m. That's 48% dilution: every existing holder's slice gets 48% smaller. If you held A$1,000 of shares (7,713 at the issue price), your slice goes from 0.00154% to 0.0008% of the company. To keep it you'd need 7,115 more shares - about A$922 at the issue price.
The offer booklet for the A$60m, 5-for-4 entitlement offer at A$0.06 has been sent and the offer is open until 5pm on 19 January 2026. Administrative step in the raising announced on 23 December.
23 Dec 2025capital raising announcement● NeutralMajor
TerraCom launches a 1.25-for-1 renounceable entitlement offer at A$0.06 per share to raise up to about A$60m, to pay down creditors and fund working capital. Underwritten to about A$41.5m; Orbit Marketing sub-underwrites A$40m and could reach up to 55.31% of shares.
TerraCom will issue 5 million unquoted options to Evolution Capital under a lead broker agreement, exercisable at A$0.35 until 19 November 2024. Small and non-cash; the stated aim is widening the institutional shareholder base.
5 June 2019capital raising announcement▲ GoodMajor
TerraCom issued about 60.93m new shares at A$0.58, raising about A$35.34m gross, completing the rights issue. Bonython underwrote A$20m. The chairman says the money will cut debt and its cost, and may allow a maiden dividend in due course.
Eligible shareholders took up about 34.97m shares at A$0.58, raising about A$20.28m. A shortfall of about 25.97m shares went to the underwriter.
What it means for a shareholder
35.0m new shares at A$0.580 to raise about A$20.3m. That's 7.0% dilution: every existing holder's slice gets 7.0% smaller. If you held A$1,000 of shares (1,724 at the issue price), your slice goes from 0.000369% to 0.000343% of the company. To keep it you'd need 129 more shares - about A$75 at the issue price.
Notice to shareholders outside Australia and New Zealand that they are ineligible for the A$0.58 entitlement offer. They need take no action. Administrative notice.
Information booklet for the 3-for-20 entitlement offer at A$0.58, closing 29 May 2019. It carries the standard offer terms already announced; the text is truncated and no new figures are visible.
Chairman's letter to shareholders restates the A$35m entitlement offer at A$0.58, 3 for 20. It opens 20 May and closes 29 May 2019. Proceeds go to reducing debt. No new terms.
10 May 2019capital raising announcement▲ GoodMajor
TerraCom launches a fully underwritten 3-for-20 entitlement offer at A$0.58 to raise about A$35m, plus a US$20m convertible bond with OCP Asia (A$0.696 conversion, 9.95% coupon). Funds go to cutting debt for the refinancing; cash interest to fall about A$8m a year.
16 Feb 2018capital raising announcement▲ GoodMajor
Rights issue completed: 55.3m retail shares (including shortfall) issued, taking total proceeds to about A$15m, as the underwriter covered the shortfall. Bonython also received 4,651,163 shares, 3,488,372 as a sub-underwriting fee and 1,162,791 for an additional placement.
The retail offer closed with applications for ~24.53m shares, raising ~A$5.24m at A$0.215. About 30.98m shares are shortfall, now passed to the underwriter. Institutional and retail takeup together is ~A$8.3m of the A$15m target.
The retail offer booklet for the A$0.215 rights issue has been dispatched; the offer is open 31 January to 9 February. It repeats the Blair Athol rail load-out update: construction started, commissioning in the March 2018 quarter, forecast +A$20/t margin.
Retail offer booklet for the 3-for-13 entitlement offer at A$0.215 a share, closing 5pm AEDT on 9 February 2018. It restates known terms and attaches earlier announcements. It adds no new substance.
The institutional part of the rights issue raised about A$3.1m from ~14.4m shares at A$0.215, a fraction of the A$15m total. The retail offer opens 31 January and closes 9 February, with the remainder underwritten. The rail load-out is expected to be commissioned in the March 2018 quarter.
What it means for a shareholder
14.4m new shares at A$0.215 to raise about A$3.1m. That's 3.7% dilution: every existing holder's slice gets 3.7% smaller. If you held A$1,000 of shares (4,651 at the issue price), your slice goes from 0.00125% to 0.0012% of the company. To keep it you'd need 180 more shares - about A$39 at the issue price.
23 Jan 2018capital raising announcement● NeutralMajor
TerraCom launches a fully underwritten rights issue to raise about A$15.0m at A$0.215 a share, 3 new for every 13 held (~69.7m shares). Proceeds go to working capital, the Blair Athol rail load-out and partly repaying super senior notes. Gleneagle underwrites; Bonython Coal (John Singleton) sub-underwrites.
31 Mar 2017capital raising announcement▲ GoodMajor
Orion has secured A$13.5m to meet the Blair Athol indicative approval conditions, which the company says has no dilutive impact on shareholders. Blair Athol operations are now targeted for the second quarter of 2017, slipping from the first.
8 Dec 2016capital raising announcement● NeutralMajor
A$4.0m placement to institutional and sophisticated investors at $0.03, issuing 133.3M shares, led by Foster. Blair Athol lease transfer still awaits Queensland approval, now with production restart described as early 2017, later than the earlier late-2016 target.
Two placements finalised: A$1.1m to European investors at $0.0206 for 55.4M shares, and A$1.0m via Foster Stockbroking at $0.0215 for 44.4M shares. The 30M Foster options are also issued. Resolves the August placements.
Foster Stockbroking is engaged for advisory and research coverage, paid with 30M unlisted options (15M at $0.03, 15M at $0.045, expiring Aug 2018) rather than cash. It also agrees a placement of up to A$1.0m at $0.0215 per share.
Agreement for a A$1.1m placement to three Eastern European investors led by Light Speed Commercial, priced at 90% of the 14-day VWAP before completion on 25 August. Chairman links it to funding Mongolia expansion, Blair Athol and the Indonesian mine.
The US$1m Sea Honour placement is finalised at A$0.0166 per share, meaning 80,849,502 new shares, issued under the 7.1A placement capacity. This completes the placement agreed on 14 July, whose share count was then unknown.
14 July 2016capital raising announcement▲ GoodMajor
US$1m placement to Hong Kong investor Sea Honour, owned by Anthony Steains. Price is set by a VWAP around 4 July, so share count is not yet known. Small raise, part of a funding plan for Mongolia, Blair Athol and Indonesia.
19 Oct 2015capital raising announcement● NeutralMajor
Agreed a A$7m placement of 583.3m shares at A$0.012 to SPG Investment Holdings, a Chinese investor; the price is below the current share price. It needs shareholder approval and completion of debt restructuring. A circa US$115m five-year bond is the planned refinancing; an Asian listing remains uncertain.
26 Feb 2015capital raising announcement▲ GoodMajor
Guildford issued 178,315,842 new shares under the entitlement offer, raising about A$6.6m before costs. The shares are due to trade normally from 27 February. This completes the raising launched in January.
What it means for a shareholder
178m new shares at about A$0.037 to raise about A$6.6m. That's 14% dilution: every existing holder's slice gets 14% smaller. If you held A$1,000 of shares (27,018 at the issue price), your slice goes from 0.00244% to 0.0021% of the company. To keep it you'd need 4,353 more shares - about A$161 at the issue price.
Entitlement offer result: valid applications for 16.2m shares against a 173.0m-share shortfall. Underwriters Maiora and Auspicious Future will take 162.2m shortfall shares, raising about A$6.6m of the targeted A$7m.
The entitlement offer closing date is extended from 16 to 19 February because some shareholders were late receiving their prospectus. Allotment moves to 26 February. Terms are unchanged at $0.037, 1 for 4.85.
Prospectus for the A$7m renounceable entitlement offer at $0.037, 1 new share for every 4.85 held, closing 16 February 2015. It is the formal document for the offer launched on 27 January; the extract shows only legal notices and no new terms.
27 Jan 2015capital raising announcement● NeutralMajor
Formal launch of the A$7m entitlement offer at $0.037, 1 new share for 4.85 held, partly underwritten by Maiora and a vehicle of director Craig Wallace. The price is 17% below the bottom of the independent expert's value range. Closes 16 February 2015.
