Kairiki Raises $7MM to Fund Inboard Development Program
Kairiki Energy has reached agreement to place a minimum of 50 million ordinary fully paid shares at an issue price of 14 cents per share to raise gross proceeds of $7,000,000.
The funds raised from this issue will be used for funding our SC54 project and for working capital purposes. The placement has been arranged by Southern Cross Equities Limited to professional and sophisticated investors.
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- Shell Farms-In to Philippine Block for Nido-Kairiki JV; Swaps Rigs (Jan 31)
- Kairiki Appoints New Non-Executive Director (Aug 25)