ArgonautArgonautArgonautArgonaut
  • About Us
    • Business Model
    • Regulation
    • Community
    • Jason and the Argonauts
    • Disclaimer and Disclosure
  • Corporate Finance
  • Stockbroking & Research
    • Stockbroking
    • Research
    • Best Execution Policy
    • Administration Forms
    • Open an Account
  • Special Situations
  • News
    • Latest News
    • Morning Notes
    • Latest Research
  • Contact
    • Careers
      • Advisers
      • Graduate Program
      • Internship Program

Argonaut Congratulates Kinetiko on Capital Raising

    Home News Argonaut Congratulates Kinetiko on Capital Raising
    NextPrevious

    Argonaut Congratulates Kinetiko on Capital Raising

    By admin | News | 0 comment | 17 December, 2013 | 0

    Argonaut has been successful in raising A$1.7 million (before issue costs) for Kinetiko Energy Limited (ASX: KKO) ("Kinetiko") via a Placement to Institutional and Sophisticated Investors of approximately 11.34 million new ordinary shares at an issue price of A$0.15 per share. Argonaut congratulates Kinetiko on the raising.

    Commenting on the Placement, Managing Director Andrew Lambert said "This capital raising enables us to drill and appraise a small pilot test field (up to 5 wells) on the Amersfoort Project, following a technical review by mid January. If these wells are successful, the Company should secure early monetisation and maiden 3P reserves, which will set the Amersfoort Project on a rapid path towards commercial production planning."

    Argonaut is delighted to be involved with Kinetiko and looks towards the relationship continuing.

    Additional information regarding the Company and the Placement can be found on the Company's website at www.kinetiko.com.au.

     

     

     

     

     

     

    No tags.

    NextPrevious
    • About Us
      • Business Model
      • Regulation
      • Community
      • Jason and the Argonauts
      • Disclaimer and Disclosure
    • Corporate Finance
    • Stockbroking & Research
      • Stockbroking
      • Research
      • Best Execution Policy
      • Administration Forms
      • Open an Account
    • Special Situations
    • News
      • Latest News
      • Morning Notes
      • Latest Research
    • Contact
      • Careers
        • Advisers
        • Graduate Program
        • Internship Program
    Argonaut

    Argonaut | The Natural Choice in Resources.
    © 2022 Argonaut.

    Corporate Finance
    Stockbroking & Research
    Contact Us

    Argonaut | Perth

    Level 30, Allendale Square, 77 St Georges Terrace Perth, WA, 6000 Australia

    clientservices@argonaut.com

    ABN 72 108 330 650

    Argonaut | Login

    Client Area Help
    Register for Access to Client Area
    Privacy Policy
    Financial Services Guide 
    Website Disclaimer

    Copyright 2022 | Website ⚡ by Start Digital