We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Rainbow Rare Earths Limited | LSE:RBW | London | Ordinary Share | GG00BD59ZW98 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.20 | 2.08% | 9.80 | 9.60 | 10.00 | 9.85 | 9.75 | 9.85 | 247,611 | 13:04:20 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Chem,fertlizer Minrl Mng,nec | 0 | -11.98M | -0.0192 | -5.10 | 61.22M |
TIDMRBW
RNS Number : 6562R
Rainbow Rare Earths Limited
01 March 2019
FOR IMMEDIATE RELEASE
1 March 2019
Rainbow Rare Earths Ltd ('Rainbow' or 'the Company') (LSE: RBW)
Allotment of new shares
Rainbow announces that the Company has allotted a total of 3,425,728 new ordinary shares of no par value ('Ordinary Shares') in satisfaction of the first drawdown of US$100k under the facility announced on 25 January 2019 with a fund managed by The Lind Partners LLC.
The new Ordinary Shares rank pari passu with the Company's existing issued Ordinary Shares and application has been made for the Ordinary Shares to be admitted to the Main Market of the London Stock Exchange. Dealings are expected to commence on 8 March 2018.
The Company's enlarged issued share capital will be 198,833,073 Ordinary Shares. The Company has no treasury shares. This figure of 198,833,073 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
**ENDS**
For further information, please contact:
Rainbow Rare Earths Ltd Martin Eales Tel: +44 (0) 20 3910 4550 St Brides Partners Ltd Isabel de Salis Tel: +44 (0) 20 7236 Priit Piip 1177 ---------------- --------------------- Arden Partners plc Paul Shackleton Tel: +44 (0) 20 7614 Benjamin Cryer 5900 ---------------- ---------------------
Notes to Editors:
Rainbow's focus is the Gakara Project in Burundi, one of the highest-grade (47%-67% Total Rare Earth Oxide) rare earths projects globally and the only African producer.
The Company began production of rare earth concentrates in Q4 2017 and has a ten-year distribution and offtake agreement with multinational thyssenkrupp Materials Trading secured for the sale of at least 5,000tpa of concentrate produced.
The Gakara basket is weighted heavily towards the magnet rare earths, including neodymium and praseodymium, which are driving demand and account for 70% of annual global REE sales due to their use in vital components in motors, generators, wind turbines, and electric vehicles.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
IOECKDDDABKDANK
(END) Dow Jones Newswires
March 01, 2019 11:17 ET (16:17 GMT)
1 Year Rainbow Rare Earths Chart |
1 Month Rainbow Rare Earths Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions