Kalina Power Limited (AU:KPO) has released an update.
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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