Announcement of Non-Renounceable Entitlement Offer

Kalina Power Limited (ASX:KPO) has announced a non-renounceable pro-rata rights issue, offering up to approximately 103,599,750 new fully paid shares to eligible shareholders at a price of 1 cent per share. The offer includes one free attaching option for every two new shares issued, exercisable at 2 cents and expiring 18 months from the date of issue. The Entitlement Offer is fully underwritten by BW Equities Pty Ltd and closes at 5.00 pm Sydney time on 30 October 2024. The purpose of the offer is to raise up to approximately $2.53 million for the company's working capital requirements and strategy plans.

Executive Commentary on Entitlement Offer

The company is pleased to announce the non-renounceable entitlement offer, providing eligible shareholders with the opportunity to participate in the capital raising initiative. This offer is a crucial step in securing the necessary funds to support our ongoing power project development and technology activities. We are grateful for the full underwriting support from BW Equities Pty Ltd, which demonstrates confidence in our strategic plans and future prospects. We encourage eligible shareholders to carefully consider the offer and its potential impact on their investment in the company.

Summary of Entitlement Offer and Prospectus

Kalina Power Limited (KPO) has announced a non-renounceable entitlement offer, aiming to raise up to approximately $2.53 million for the company's working capital requirements and strategy plans. The offer includes one free attaching option for every two new shares issued, exercisable at 2 cents and expiring 18 months from the date of issue. The Entitlement Offer is fully underwritten by BW Equities Pty Ltd, providing additional confidence in the company's capital raising efforts. Shareholders are advised to review the prospectus for detailed information on the offer, including the terms, conditions, and potential risks associated with participating. The company's ongoing discussions for project funding in Alberta and its adherence to good corporate governance principles are also highlighted in the prospectus, offering shareholders a comprehensive overview of the company's current position and future prospects.