Genex Power Ltd (ASX:GNX) Quarterly Activities and Cashflow Reports
Quarterly Activities and Cashflow ReportsSydney, April 29, 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 31 March 2021 (Q3 FY2021), a period during which the Company made substantial progress with its Kidston Pumped Storage Hydro Project (K2-Hydro), having successfully raised additional funds to retain 100% ownership of the Project and reached Project Document Contractual Close.
Highlights
K2-Hydro
- Launch of $115 million equity raise, consisting of $90 million fully underwritten placement and rights issue, and an additional $25 million committed investment by J-POWER;