Kalina scores A$8M debt facility with Long State

KALINA Power has successfully entered an A$8 million equity placement with Hong Kong firm Long State Investment, providing the company with a flexible funding facility.

Kalina scores A$8M debt facility with Long State Kalina scores A$8M debt facility with Long State Kalina scores A$8M debt facility with Long State Kalina scores A$8M debt facility with Long State Kalina scores A$8M debt facility with Long State

Under the terms of the facility, Kalina may place new ordinary shares in the company with Long State up to a total of A$8 million over the next 24 months, with Kalina being able to draw in tranches of