Latest Breaking News On - Amersfoort project - Page 3 : comparemela.com
Kinetiko Energy Ltd prepares 3-well drilling program to advance elephant-scale gas resource in South Africa
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Kinetiko Energy Ltd moves to fast-track gas Production Right after South African Minister grants consolidation
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Kinetiko Energy Ltd appoints Simon Whybrow to role of company secretary
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Kinetiko Energy launches A$2 million share purchase plan after raising A$2.8 million from placement
Funds from the placement will be used to advance Kinetiko’s Amersfoort Project, including funding exploration and gas drilling. Kinetiko is raising up to a further $2 million by offering eligible existing shareholders the right to participate in an SPP.
Kinetiko Energy Ltd (ASX:KKO) has received firm commitments from sophisticated and professional investors to raise about A$2.8 million at 10 cents per share.
In addition to the placement, Kinetiko has launched a share purchase plan (SPP) to offer existing shareholders the right to subscribe for shares worth up to a further A$2 million at the same price as the placement.
Kinetiko Energy halted with “significant acquisition” announcement pending
The company is well on track to begin commercial production in the near term from the Amersfoort Project in South Africa. The halt will remain until start of trading on May 7, or an announcement is released to the market.
Kinetiko Energy Ltd (ASX:KKO) has been granted a trading halt by the ASX ahead of the release of an acquisition announcement.
In its application to the ASX halt, Kinetiko said: “The company requests a trading halt immediately, pending the release of an announcement in relation to a significant acquisition.”
Securities will remain halted until the start of normal trading on Friday, May 7, 2021, or until an announcement is released to the market.