Rainbow Rare Earths has raised c.£2.8m (c.$3.7m) by way of a placing for increased production and continued expansion. 20 million shares at a price of 14p. Funds will be utilised in establishing new mining areas, additional mining equipment, exploration and working capital in H1 2018.
13 Dec 2017
Placing announced to increase production to 6ktpa
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Placing announced to increase production to 6ktpa
Rainbow Rare Earths Ltd. (RBW:LON) | 9.8 0 (-4.4%) | Mkt Cap: 61.8m
- Published:
13 Dec 2017 -
Author:
Charles FitzRoy -
Pages:
3
Rainbow Rare Earths has raised c.£2.8m (c.$3.7m) by way of a placing for increased production and continued expansion. 20 million shares at a price of 14p. Funds will be utilised in establishing new mining areas, additional mining equipment, exploration and working capital in H1 2018.