Brief: Kinetiko Energy Says Strategic South African Investment Company Has Executed A Binding Commitment To Fund A$6.5 Mln

Kinetiko Energy

04/09/2023 24:28

Sept 4 (Reuters) - Kinetiko Energy Ltd  KKO.AX :
    * STRATEGIC SOUTH AFRICAN INVESTMENT COMPANY HAS EXECUTED A
BINDING COMMITMENT TO FUND A$6.5 MILLION
    * FUNDING TO FACILITATE SELL DOWN OF BADIMO GAS
CONSIDERATION
SHARES AS PART OF PLANNED MERGER AND IS NON DILUTIONARY TO
KINETIKO
    * FUNDING COMMITMENT ENABLES COMPLETION OF 100% ACQUISITION
OF
AFRO ENERGY

Source text for Eikon:  ID:nASXb1h6zQ 
Further company coverage:  KKO.AX 

 ((Reuters.Briefs@thomsonreuters.com;))