ORN, KAR and SKO Raises Capital to Fund Their Upcoming Operations

  • Oct 25, 2019 AEDT
  • Team Kalkine

Orion Minerals Limited (ASX: ORN) has announced that it has received additional commitments from sophisticated and professional investors, increasing the amount raised by the Company to $6.4 million, by way of the placement of 255 million fully paid ordinary shares at $0.025 per share.

The amount raised will be used mainly to complete early stage works for the Prieska Copper-Zinc Project and to complete BFS optimisation studies.

Karoon Energy Limited (ASX: KAR) has also announced the successful completion of the fully underwritten equity raising, comprising of institutional placement and a 1 for 1.06 pro rata entitlement offer to raise about $175 million.

Karoon will use these funds to complete the funding of the Baúna oil field acquisition.

Serko Limited (ASX: SKO) has announced the successful completion of its NZ$56 million placement comprising a NZ$40 million primary issuance and a sell down by certain directors and employees of approximately NZ$16 million of existing shares.

These funds will be used primarily to expand marketplace content and accelerate the global rollout of Serko Zeno.


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