Kalina Power

A$4m Underwritten Placement

August 2017

In August 2017, Kalina Power Limited engaged Azure as Lead Manager and Underwriter to the exercise of up to 77,542,680 options in the Company exercisable at A$0.05 to raise a total of A$3.9m.

Kalina is a clean technology company which owns the Kalina Cycle© that utilises waste heat generated from industrial processes to produce electricity to supplement the purchased power requirements and thereby reducing the plants overall operating cost.