Key Developments: Samson Oil and Gas Ltd (SSN)
0.49USD
21 May 2013
$-0.01 (-1.15%)
$0.50
$0.44
$0.50
$0.44
420,898
478,518
$1.98
$0.41
Latest Key Developments (Source: Significant Developments)
Samson Oil and Gas Ltd Announces Equity Placement
Samson Oil and Gas Ltd announced it has placed 959,141 American Depositary Shares (ADSs) (representing 19,182,812 ordinary shares) with an institutional investor based in the United States, raising gross proceeds of AUD479,570 (USD500,000). The SEC registered placement was completed at AUD0.025 per ordinary share (approximately USD0.52 per ADS), and includes transferable options, or warrants, to subscribe for an additional 4 shares for each 10 shares subscribed for, at an exercise price of AUD0.038 (approximately USD0.79 per ADS). The warrants will expire on March 31, 2017. Conversion from Australian dollars to US dollars is based on the exchange rate on March 28, 2013 of AUD1.00 per USD1.0426 from the Reserve Bank of Australia. Samson intends to use the proceeds of this offerings, along with those from the previously announced placement and the Rights Offering commencing April 9, 2013, to fund a portion of the Company's 2013 calendar year capital budget, which calls for drilling six infill development wells in the North Stockyard oilfield in Williams County, North Dakota, as well as for general corporate purposes, working capital needs and possible future acquisitions. Full Article
Samson Oil and Gas Ltd Announces Equity Placement And Non-renounceable Rights Offering
Samson Oil and Gas Ltd announced that it has placed American Depositary Shares (ADSs) (representing 109,752,575 ordinary shares) with institutional investors based in the United States, raising gross proceeds of AUD2,743,814 (USD2,850,000). The SEC registered placement was completed at AUD0.025 per ordinary share (approximately USD0.51 per ADS), and includes transferable options, or warrants, to subscribe for an additional four shares for each 10 shares subscribed for, at an exercise price of AUD0.038 (approximately USD0.78 per ADS). The warrants will expire on March 31, 2017. Samson also announced that it will be making a pro rata rights offering to holders of its ordinary shares and ADSs as of the close of business on April 4, 2013. Under the Rights Offering, shareholders will have the right to purchase one ordinary share at AUD0.025, or approximately USD0.51 per ADS, variable with the exchange rate, for every three ordinary shares owned, directly or through ADSs owned on the Record Date. The Rights Offering will include four transferable options, or warrants (issued at no cost), per 10 shares applied for, which will be subject to the same terms and conditions as the warrants comprised in the completed institutional placement. Full Article
Samson Oil and Gas Ltd Exercises Options Into New Ordinary Shares
Samson Oil and Gas Ltd announced the issuance of 46,352,965 ordinary fully paid shares at AUD 0.015 each pursuant to the exercise of listed options. Full Article
Samson Oil and Gas Ltd Exercises Options Into New Ordinary Shares
Samson Oil and Gas Ltd announced that it has issued 13,814,230 Ordinary fully paid shares at issue price of AUD0.015 per share. The were issued pursuant to the exercise of listed options. Full Article
Samson Oil and Gas Ltd Exercises Options Into New Ordinary Shares
Samson Oil and Gas Ltd announced that it has issued 5,034,300 Ordinary fully paid shares at an issue price of AUD 0.015 per share. The shares were issued pursuant to the exercise of listed options. Full Article
Samson Oil and Gas Ltd Exercises Options Into New Ordinary Shares
Samson Oil and Gas Ltd announced the issuance of 22,591,101 ordinary fully paid shares at AUD 0.015 each pursuant to the exercises of listed options. Full Article
Samson Oil and Gas Ltd Exercises Options Into New Ordinary Shares
Samson Oil and Gas Ltd announced that it has issued 15,073,474 ordinary fully paid shares at an issue price of AUD 0.015 per share. The shares were issued pursuant to the exercise of listed options. Full Article
Samson Oil and Gas Ltd Exercises Options Into New Ordinary Shares
Samson Oil and Gas Ltd announced the issuance of 5,098,731 ordinary fully paid shares at AUD 0.015 each pursuant to the exercise of listed options. Full Article
Samson Oil and Gas Ltd Exercises Options Into New Ordinary Shares
Samson Oil and Gas Ltd announced the issuance of 9,798,035 ordinary fully paid shares at AUD 0.015 each pursuant to the exercise of 9,798,035 listed options. Full Article
Samson Oil and Gas Ltd Exercises Options Into New Ordinary Shares
Samson Oil and Gas Ltd announced the issuance of 11,956,855 ordinary fully paid shares at AUD 0.015 each pursuant to the exercise of listed options. Full Article
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