Kinetiko said Phefo had exercised an option to subscribe at 9 cents a share and would take 32.8 million new shares under the placement.
SOUTH AFRICA focused coal seam gas developer Kinetiko Energy has raised A$2.95. million from investment firm Phefo Power.
Kinetiko said Phefo had exercised an option to subscribe at 9 cents a share and would take 32.8 million new shares under the placement.