Jan 30 (Reuters) - Kinetiko Energy Ltd KKO.AX :
* ANNOUNCES NON-RENOUNCEABLE ENTITLEMENT OFFER TO RAISE UP TO $2M & PLACEMENT TO RAISE AN ADDITIONAL $1M
* ENTITLEMENT OFFER SHARES WILL BE OFFERED AT AN ISSUE PRICE OF 2 CENTS PER SHARE
* MAY RAISE UP TO AN ADDITIONAL $1 MILLION THROUGH PLACEMENT OFFER AT ISSUE PRICE OF $0.02 PER SHARE