Hi saltocan,
These snippets are from the quarterly report
"Funds raised from the rights issue will be used to pay for the costs of the rights issue, funding new project acquisitions or joint ventures,funding advancement of the Paralana Project and for working capital purposes.Secondly, that Petratherm secures an additional $5 million in equity either from the market or through introducing an additional joint venture partner to the project."
I'm hoping they will come up with the funds to proceed i want
to see this company generating clean power.
I too will now be supporting the raising kippax,only because i re-read the offer. If you do nothing then your percentage of share holding will be diluted by the portion of your entitlement that you do not take up.
Regards raysea
panic, page-9
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