Kairiki Energy Limited (ASX:KIK)
Perth, June 22, 2009 AEST (ABN Newswire) - Kairiki Energy Limited (ASX:KIK)(PINK:KAIRF) is pleased to announce that it 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 A$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.
Contact
Laurie Brown
Managing Director
Kairiki Energy Limited
Tel: +61-8-9388-6711
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