Kinetiko Energy’s Offer Nearly Fully Subscribed

Kinetiko Energy Ltd. (AU:KKO) has released an update.

Kinetiko Energy Ltd. successfully completed a nearly fully subscribed entitlement offer, raising approximately $5.06 million before costs. The offer, which allowed shareholders to acquire new shares at $0.06 each, saw about 78% of new shares claimed under the entitlement offer and the remaining 22% placed via a shortfall offer. Despite minor discrepancies from initial announcements due to banking issues on a public holiday, all new shares were issued as per the planned schedule.

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