Subiaco company Kairiki Energy has cancelled a $12 million right issue that was “partially and conditionally” underwritten by Patersons Securities, after failing to achieve its minimum subscription
Perth-based oil and gas minnow Kairiki Energy has announced a $12.1 million capital raising to pay back company debts and provide additional working capital.
Subiaco-based explorer Kairiki Energy will raise at least $7 million through a share placement to fund ongoing works at its project in the Philippines.