Past year: ▲ 58%(3.92 – 7.42 USD)
Each one in plain English, with the numbers worked through for a shareholder.
25 Aug 2005capital raising announcement● Neutral
On August 19, 2005 Santos's subsidiary SIH exercised two warrants it acquired from Slough, for 1,700,000 new Tipperary shares (500,000 at $3.00 and 1,200,000 at $2.00), paying the company $3,900,000. SIH now holds 24,238,844 shares, about 56.3% of the outstanding stock. This adds to Santos's majority stake ahead of the merger vote; shares and warrants held by Santos are to be cancelled in the merger without payment.
24 Sept 2004capital raising announcement● NeutralMajor
Tipperary sold 2,000,000 new unregistered shares at $4.00 each (about $8 million at that price) to eleven unaffiliated institutional investors, completed September 23, 2004. The deal includes a registration rights agreement, and existing shareholders are diluted by the new shares. The filing does not state what the money is for.
