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How Will Kinetiko’s $2.2M Raise Drive South Africa Gas Breakthrough?
9:42am on Thursday 12th of June, 2025 AEST
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Energy
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How Will Kinetiko’s $2.2M Raise Drive South Africa Gas Breakthrough?
9:42am on Thursday 12th of June, 2025 AEST
Key Points
Placement raised $2.2 million at $0.04 per share with free attaching options
Directors committed $310,000 subject to shareholder approval
$500,000 loan converted into shares on Placement terms
Funds allocated primarily to exploration and production test programs
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Kinetiko Energy (ASX:KKO)
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