June 25 (Reuters) - Genex Power Ltd GNX.AX :
* ANNOUNCES SINGLE TRANCHE PLACEMENT OF ABOUT $16.2 MILLION VIA ISSUE OF 67.5 MILLION SHARES AT $0.24 PER SHARE
* PROCEEDS FROM PLACEMENT WILL BE USED TO FUND EQUITY REQUIREMENTS FOR JEMALONG SOLAR PROJECT
* EXPECTS JSP TO DELIVER ADDITIONAL $13 MILLION TO $15 MILLION IN ANNUALISED REVENUE ONCE OPERATIONS COMMENCE IN 2020