Key Developments: Buru Energy Ltd (BRU.AX)

BRU.AX on Australia Stock Exchange

0.45AUD
21 Nov 2014
Price Change (% chg)

$-0.00 (-1.10%)
Prev Close
$0.46
Open
$0.46
Day's High
$0.48
Day's Low
$0.42
Volume
3,219,838
Avg. Vol
832,897
52-wk High
$2.10
52-wk Low
$0.42

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Latest Key Developments (Source: Significant Developments)

Buru Energy Limited issues shares
Wednesday, 22 Oct 2014 12:00am EDT 

Buru Energy Limited:Issues 3,986,550 fully paid ordinary shares at A$0.75 per share.  Full Article

Buru Energy Limited becomes initial substantial shareholder of Chemco Pty Ltd
Thursday, 25 Sep 2014 11:33pm EDT 

Buru Energy Limited:Energy Limited becomes initial substantial shareholder of the company on Sept. 29 with 26,666,666 ordinary shares and 7.93 pct voting power.  Full Article

Buru Energy Limited announces issue of share
Thursday, 25 Sep 2014 02:00am EDT 

Buru Energy Limited:Announces issue of 37,504,998 ordinary shares at an issue price of $0.75 per share.The placement will be used to fund the company‚Äôs 2015 work program and for general corporate purposes.  Full Article

Buru Energy Ltd completes placement to new cornerstone shareholder and existing investors; announces share purchase plan
Sunday, 21 Sep 2014 08:05pm EDT 

Buru Energy Ltd:Says that it will raise A$28 mln via placement of 12.5 pct. of its equity capital.A$20 mln of placement is being subscribed by Coogee Chemicals Pty Ltd and its holding company, Chemco Pty Ltd (together Coogee Chemicals), with balance subscribed by current Buru eligible sophisticated investors and institutional shareholders.Following completion of Placement, Coogee Chemicals will become substantial shareholder in Buru.Some 37.3 million shares will be issued at price of A$0.75 per share.Says that it will offer all existing eligible shareholders opportunity to invest additional equity via non-underwritten share purchase plan (SPP).SPP will allow eligible shareholders to acquire up to A$15,000 of new shares, at placement price of A$0.75.Maximum amount that will be raised by both placement and SPP has been set by board of Buru Energy at A$40 mln, which means maximum amount that can be raised under SPP is A$12 mln.Capital raising will be used to fund the company's 2015 work program and for general corporate purposes.  Full Article

Buru Energy Ltd does not propose to recommend interim dividend
Tuesday, 9 Sep 2014 04:53am EDT 

Buru Energy Ltd:Says that directors do not propose to recommend payment of dividend.Says no dividends have been paid or declared by the company during six months ended June 30, 2014.  Full Article

Buru Energy appoints Eric Streitberg as chairman
Friday, 23 May 2014 02:10am EDT 

Buru Energy Ltd:Eric Streitberg appointed as executive chairman.  Full Article

Buru Energy Ltd does not propose dividend
Friday, 21 Mar 2014 04:36am EDT 

Buru Energy Ltd:Directors do not propose to recommend payment of dividend for period ended, Dec. 31, 2013.  Full Article

New Standard Energy Ltd announces ceasing of substantial interest by Buru Energy Ltd
Monday, 3 Feb 2014 02:50am EST 

New Standard Energy Ltd:Says Buru Energy Ltd is ceasing substantial interest in share capital of company.  Full Article

Buru Energy Ltd announces exercise of options
Tuesday, 17 Dec 2013 02:16am EST 

Buru Energy Ltd:Says to issue 26,937 new ordinary shares as conversion of unlisted options.Says issue new shares for non-cash consideration of A$256,680.  Full Article

Buru Energy Ltd Enters Into Binding Agreements With Mitsubishi Corporation And Apache Energy Limited
Sunday, 3 Nov 2013 04:27pm EST 

Buru Energy Ltd announced that it has entered into binding agreements with Mitsubishi Corporation (MC) and Apache Energy Limited (Apache) pursuant to which an Apache subsidiary will farm-in to a number of the joint venture's exploration permits in the Canning Basin. The permits principally cover the Goldwyer Shale areas of the joint venture's portfolio and are prospective for shale oil and gas as well as for conventional sandstone reservoirs, particularly in the southern areas. Under the agreements, subject to satisfaction of certain conditions: Apache will earn a 50% interest in explorations permits 390, 471 and 473 and upto a 50% interest in exploration permits 438 (Coastal Permits) by agreeing to fund a AUD25 million exploration program to be conducted on the Coastal Permits during 2014; Apache will be granted an option to earn a 40% interest in exploration permits 472, 476 and 477, upto a 40% interest in exploration permits 478 and upto a 50% interest in exploration permit 474 (Acacia Permits); Apache will pay Buru and MC a non-refundable option fee equal to the greater of $7.2 million and 80% of the costs of the 20,000 sq km aerogravity survey currently being conducted by Buru and MC over the Acacia Permits (excluding exploration permit 474) and a 650 km seismic survey planned to be conducted by Buru and MC on the Acacia Permits (excluding exploration permit 474) in 2014.  Full Article

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