Viridis Mining and Minerals: announcements explained, share price

Announcements, explained

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

14 Oct 2024capital raising announcement● NeutralMajor

Viridis raised A$4m via a placement of about 7.69m shares at $0.52, a 9.57% discount to last close, well below the $1.25 April raise. Tranche two (~A$0.9m) needs approval at the 29 November AGM. Company says funding runs through the DFS if options are exercised.

What it means for a shareholder

7.7m new shares at $0.520 to raise about $4.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.

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22 Apr 2024capital raising announcement▲ GoodMajor

Viridis raised A$8m through a placement of about 6.4m shares at $1.25, a 7.8% discount to the last close, led by Bell Potter and Fosters. Funds go to drilling, resource definition, scoping studies and ANSTO metallurgical work.

What it means for a shareholder

6.4m new shares at $1.25 to raise about $8.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.

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5 Feb 2024capital raising announcement▲ GoodMajor

Viridis raised about A$4.5m through a placement of roughly 3.9m shares at $1.15, to speed up Colossus drilling, metallurgy and the maiden resource. Directors subscribed $1.24m, including $1.0m from the Chairman; $1,057,500 of that needs shareholder approval.

What it means for a shareholder

3.9m new shares at $1.15 to raise about $4.5m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.

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26 Oct 2023capital raising announcement▲ GoodMajor

Viridis raised about A$3.09m through a placement of 3,250,000 shares at $0.95, a 12% discount to the last close, with Sixty Two Capital cornering A$1.0m. Funds go to Colossus drilling, metallurgy and a maiden resource. Lead manager fee is 6%.

What it means for a shareholder

3.3m new shares at $0.950 to raise about $3.1m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.

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