Past year: ▲ 661%(2.80c – 29.0c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
24 May 2006capital raising announcement● Neutral
Share Purchase Plan offering eligible shareholders $2,000–$2,500 of shares at $0.95, up to 5,000,000 shares, each with a free option exercisable at $1.40 by 30 August 2009. The options need shareholder approval; the offer closes 16 June 2006.
12 May 2006capital raising announcement▲ GoodMajor
Crosby placed 5,592,000 shares at $0.90, raising $5,032,800, the first tranche of a planned $25 million. The second $20 million tranche will be raised via prospectus, subject to shareholder approval.
What it means for a shareholder
5.6m new shares at A$0.900 to raise about A$5.0m. That's 17% dilution: every existing holder's slice gets 17% smaller. If you held A$1,000 of shares (1,111 at the issue price), your slice goes from 0.00401% to 0.00334% of the company. To keep it you'd need 224 more shares - about A$202 at the issue price.
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19 Apr 2006capital raising announcement▲ GoodMajor
Crosby Capital closed the initial $5 million placement early, fixing the price at $0.90 per share, with proceeds due in early May. This is the first tranche of the capital raising to support the White acquisition.
