Genex Power Ltd (ASX:GNX) Quarterly Activities Report
Quarterly Activities ReportSydney, July 23, 2021 AEST (ABN Newswire) - Genex Power Limited (
ASX:GNX) is pleased to provide the following update on the Company s activities and performance for the quarter ending 30 June 2021 (Q4 FY2021 or the Period), a period during which the Company reached financial close and commenced construction at its flagship Kidston Pumped Storage Hydro Project (K2-Hydro).
HIGHLIGHTS
- Financial close for K2-Hydro was reached during the Period, signalling the satisfaction of all conditions precedent associated with the financing of the project;
- Construction at the K2-Hydro site at Kidston commenced, including upgrade work for the accommodation village, key infrastructure and fresh water supply;
Genex Power Ltd (ASX:GNX) Achieves Financial Close for Kidston Hydro - ABN Newswire (@ABN_Newswire)
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Genex Power Ltd (ASX:GNX) Appointment of Kenichi Seshimo as a Director - ABN Newswire (@ABN_Newswire)
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Genex Power Ltd (ASX:GNX) EGM Approves JPower Investment - Timeline to Financial Close
EGM Approves JPower Investment - Timeline to Financial CloseSydney, April 29, 2021 AEST (ABN Newswire) - Genex Power Limited (
ASX:GNX) is pleased to provide the following update on the finalisation of the subscription by Electric Power Development Co., Ltd ( J-POWER ) for up to $25M to be applied toward the 250MW Kidston Pumped Storage Hydro Project ( K2-Hydro or Project ).
Highlights:
- Subscription pricing period commenced, subject to a minimum of $0.211 per share; and
- Financial Close scheduled to occur on 19 May 2021.
Following approval of Resolution 1 and Resolution 2 at the Extraordinary General Meeting of Genex shareholders (EGM) held earlier today (refer ASX Announcement dated 29 April 2021), Genex has today given notice to J-POWER that the conditions precedent to the Share Subscription Agreement between Genex and J-POWER ( SSA ) (refer ASX Announcement dated 24 March