Kalina Power to Raise USD0.2 Million in Private Placement of Shares

Published: May 11 2017
Deal Summary

Kalina Power Limited, a power generation company, has agreed to issue 5,000,000 shares at a price of AUD0.05 (USD) per share for gross proceeds of AUD0.25 million (USD0.18 million) in a private placement. The offering will be subscribed to by Kalina Power’s management, board and advisors.

The shares issued in the offering are existing shares held by Harrington Global Opportunities Fund SARL (Harrington), by Kalina Power’s largest shareholder. Kalina Power will not receive any proceeds from the offering.

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