Each one in plain English, with the numbers worked through for a shareholder.
15 Aug 2025capital raising announcement▲ GoodMajor
Firm commitments for a A$100M placement at A$17 per share, a 9.4% discount to the 5-day VWAP, issuing about 5.9M shares (about 74.2M after). Funds go to pre-development, permitting and infrastructure; pro forma cash about A$168M versus A$72.8M at 30 June.
11 July 2024capital raising announcement▲ GoodMajor
WA1 raised $60m through a placement of about 3.5m shares at $17, a 9.8% discount to the last price. Shares on issue rise to about 64.9m. Funds go to drilling, metallurgy, permitting and development. The price is up from $10 in January.
What it means for a shareholder
3.5m new shares at $17.00 to raise about $60.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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18 Jan 2024capital raising announcement▲ GoodMajor
WA1 raised $40m via a placement of four million shares at $10.00, a 10.2% discount to the last traded price. Pro-forma cash is about $56.7m, with about 61.3m shares on issue. Funds go to drilling, metallurgy, studies and permitting. Price is double September's $5.00 placement.
1 Sept 2023capital raising announcement▲ GoodMajor
WA1 raised $15m at $5.00 a share, a 5% discount to 10-day VWAP, issuing 3m shares to reach about 56.7m. $12.8m is placed now; $2.2m needs shareholder approval at an early-October meeting. Funds go to drilling and development studies.
What it means for a shareholder
3.0m new shares at about $5.00 to raise about $15.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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11 May 2023capital raising announcement▲ GoodMajor
WA1 raised $10m from Regal Funds Management at $2.75 a share, a 2% discount to the 5-day VWAP, issuing about 3.6m shares to reach about 53.4m. Pro forma cash is about $20m. Funds back expanded drilling and a diamond rig, with a maiden Luni resource targeted for the second half of 2023.
What it means for a shareholder
3.6m new shares at about $2.78 to raise about $10.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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18 Nov 2022capital raising announcement▲ GoodMajor
WA1 raised $10 million through a placement of 5.0 million shares at $2.00, a 13% premium to the $1.77 last trade. Shares on issue rise to 49.8 million. Funds go to drilling to test depth and extent of the Luni and P2 carbonatites.
What it means for a shareholder
5.0m new shares at $2.00 to raise about $10.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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4 Feb 2022capital raising announcement● Neutral
Prospectus dated 29 November 2021 for an IPO of 22.5 million shares at $0.20 to raise a minimum $4.5 million, up to $6.0 million. It describes the West Arunta and Hidden Valley projects and calls the shares highly speculative. Offer already completed per ref 1.
What it means for a shareholder
22.5m new shares at $0.200 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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