WASABI ENERGY (WAS): In a rare and welcome event, Wasabi is...

WASABI ENERGY (WAS): In a rare and welcome event, Wasabi is giving all shareholders the chance to participate in a fund raising exercise. It has launched a rights issue and if you are a shareholder you will be offered the chance to buy one extra share for every eight that you own at a price equivalent to 0.8 Australian cents per share (about 0.5p). The money will enable Wasabi to establish independent geographical subsidiaries for the establishment of Kalina Cycle® power plants globally. Five Kalina Cycle® power plants are currently under construction and Wasabi is on track to achieve its objective, of commissioning 25 MWe of owned power generation by 2015.

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