Kalina Power Limited (ASX:KPO) has announced a non-renounceable pro-rata entitlement offer to raise approximately $1.03 million. The offer is on the basis of one fully paid ordinary share for every twenty-four existing shares held, at an issue price of $0.01 per new share, with one free attaching option for every two new shares issued. The offer is open to eligible shareholders as at 7.00 pm (Sydney time) on the Record Date, and eligible shareholders can also apply for additional new shares. The offer is open until 5.00 pm (Sydney time) on 30 October 2024. The funds raised will be used for working capital requirements and achieving the company's strategic plans.
The company's strategy involves power project development and technology development, and the funds raised will be instrumental in supporting our ongoing projects and operational needs. We are pleased to offer this opportunity to our eligible shareholders, and the underwriting by BW Equities Pty Ltd provides a strong foundation for the success of this offer.
Kalina Power Limited (KPO) has announced a non-renounceable pro-rata entitlement offer to raise approximately $1.03 million, fully underwritten by BW Equities Pty Ltd. The offer is on the basis of one fully paid ordinary share for every twenty-four existing shares held, at an issue price of $0.01 per new share, with one free attaching option for every two new shares issued. The offer is open to eligible shareholders as at 7.00 pm (Sydney time) on the Record Date, and eligible shareholders can also apply for additional new shares. The offer is non-renounceable and personal to the eligible shareholders. The company's directors have indicated their participation in the entitlement offer. The funds raised will be used for working capital requirements and achieving the company's strategic plans. The offer is open to eligible shareholders in Australia and New Zealand, and there is no minimum subscription. The company's strategy involves power project development and technology development, and the funds raised will be instrumental in supporting our ongoing projects and operational needs.