KALiNA Power Limited (ASX: KPO) has announced a successful placement, raising AU$1.5 million from sophisticated, professional, and institutional investors. Additionally, the company is launching a pro rata non-renounceable Entitlement Offer, allowing eligible shareholders to participate at a price of AU$0.008 per share. The total anticipated capital raised, including the Entitlement Offer, is approximately AU$1.04 million. Investors under both offerings will receive one free attaching option for every two shares purchased, exercisable at AU$0.02 within 18 months.
The funds raised will support the company’s working capital and strategic objectives. The placement was managed by BW Equities Pty Ltd, and directors also participated, subject to shareholder approval. The entitlement offer will be conducted via a prospectus lodged with the ASX, with a detailed timeline provided. The company emphasizes its commitment to shareholder participation and transparency while cautioning that forward-looking statements carry inherent risks.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
