Kalina Power Limited (AU:KPO) has released an update.
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Kalina Power Limited has welcomed Mr. Matthew Jenkins to its Board and is progressing in securing funding for its Combined Cycle Power Plants with Carbon Capture and Sequestration (CC-CCS) projects, buoyed by recent legislative support. The company reported a successful capital raise of $1,105,000, but also noted a cash outflow of $785,000 for the quarter, with significant investments in project development. Kalina’s management is focused on negotiations that align with shareholder interests and successfully advance their project pipeline.
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