Information for Carbon Energy Shareholders about Energia’s Initial Public Offering
A Priority Offer has been extended to all Carbon Energy shareholders in Energia Minerals (Energia), the company which will own all of Carbon Energy’s uranium assets.
Energia intends to raise up to $7.5 million by issuing up to 37.5 million shares at 20 cents per share. Potential investors are able to acquire a minimum parcel of 10,000 shares each, with a Priority Offer of 30 million Energia shares to Carbon Energy Shareholders who held shares on the record date of 26 November 2009.
Carbon Energy intends to maintain a minimum of 41.7% interest upon successful completion of the capital raising.
You can download a copy of Energia’s prospectus here and will find more information about the offer below in the Frequently Asked Questions.
Frequently Asked Questions
Q: What is Energia?
A: Energia Minerals (Energia) is the company which has been created to hold Carbon Energy’s uranium assets and to capitalise on the growing demand for nuclear energy as a key component of the alternative energy mix. Energia is a focussed uranium exploration company with access to 20 granted tenements and 10 applications for tenements in Australia and Italy covering over 5,500km2.
Q: Why is Carbon Energy demerging its uranium assets?
A: Demerging the uranium exploration assets from Carbon Energy will enable both companies to pursue a focussed growth strategy: in the case of Carbon Energy centred around Underground Coal Gasification in Queensland; and in the case of Energia, uranium exploration and development.
Q: Why should I invest in Energia?
A: An investment in Energia gives you exposure to an exciting portfolio of projects in Australia and in Europe. The funds raised under this offer will be used to build on the substantial exploration already undertaken on those projects. Potential investors should carefully consider the Prospectus and seek professional advice before deciding whether to invest.
Q: Who are the people behind Energia?
A: Energia has assembled a highly experienced team with expertise in all aspects of project generation, resource discovery and mine development. The non-executive Directors of Energia are Mr Ian Walker (former Managing Director of Carbon Energy Limited) and Mr Max Cozijn (former Finance Director of Carbon Energy). Ms Keren Paterson is the Managing Director of Energia, bringing significant commercial and technical skills to the role. She is assisted by an able technical team that includes Dr Leigh Bettenay, General Manager - Exploration and Development and Dr Marcello de Angelis, consultant, both whom have significant experience in uranium exploration. Dr Bettenay is a recognised authority in the field of exploration geochemistry and Dr de Angelis has been involved with uranium exploration and is familiar with the Italian Projects since the early 1970s.
Q: Where can I find a copy of Energia’s Prospectus?
A: You can download a copy of Energia’s Prospectus here or you can request one from the company. All Carbon Energy Shareholders registered as shareholders on the record date of 26 November 2009 have been sent an Energia Prospectus and Priority Application Form.
Q: Who can buy shares in Energia?
A: The offer is being made within Australia to both Carbon Energy Shareholders and the public. All Carbon Energy Shareholders registered as shareholders on the record date of 26 November 2009 are eligible for the Priority Offer and anyone not a Carbon Energy Shareholder is eligible for the public offer.
Q: How do I buy shares in Energia?
A: You will need to complete and submit the application form that accompanies the prospectus. If you are a Carbon Energy Shareholder and wish to take part in the Priority Offer you will need to fill out your Priority Offer Application Form accompanying the Prospectus sent to you. For the Public Offer you will need to fill out the Public Offer Application Form which accompanies the Prospectus. You are able to acquire a minimum parcel of 10,000 shares and in multiples of 2,000 thereafter.
Q: Can I buy shares in Energia if I am not a Carbon Energy shareholder?
A: Yes, you can apply for shares on the Public Offer Application form attached at the back of the Prospectus.
Q: How much is Energia seeking to raise?
A: Energia is seeking to raise up to $7.5 million (before expenses of the offer) through the issue of up to 37.5 million shares at an issue price of $0.20 per share. The minimum subscription for the offer is 25 million shares to raise $5 million.
Q: Where do I go to find more information?
A: For more information about the Offer you can call Energia’s office on (08) 9321 5000 or visit the company’s website www.energiaminerals.com
Subscribe today!
CarbonEnergy news when it happens.