Kalina Power Limited (AU:KPO) has released an update.
Kalina Power Limited is set to raise capital through a non-renounceable entitlement offer and a placement, targeting a total of approximately A$2.53 million before expenses. The entitlement offer will allow shareholders to purchase one new share at $0.01 each for every twenty-four held, with bonus options, while the placement will issue shares to select investors under similar terms. Both initiatives have strong backing from management and key shareholders, emphasizing the company’s commitment to providing value and growth opportunities for its investors.
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