RBR Group Limited Launches Capital Raise to Secure AU$1.3 Million

Highlights:

• Capital Raise Goals: RBR Group Limited (ASX: RBR) is initiating a capital raise of up to $1.3 million through a combination of a placement and a non-renounceable entitlement offer to strengthen its financial position.
• Placement Details: The company plans to issue 675 million new shares at $0.001 each, with the first tranche targeting $225,000 and the second tranche (pending shareholder approval) aimed at raising an additional $450,000.
• Entitlement Offer for Shareholders: Eligible shareholders can purchase one new share for every three shares held at the same price, potentially raising approximately $619,802 to support working capital and repay convertible notes.

Strategic Capital Initiatives

RBR Group Limited (ASX: RBR) is set to embark on a significant capital raise, aiming to gather up to AU$1.3 million through a combination of a placement and a non-renounceable entitlement offer. At the time of writing, the company is actively seeking investor participation to bolster its financial position and support future growth initiatives.

Placement Details

The proposed placement will involve issuing 675 million new fully paid ordinary shares at an issue price of $0.001 per share, targeting a total of $675,000 before costs. This placement is structured in two tranches: the first tranche will raise $225,000, supported by commitments from professional and sophisticated investors. The second tranche, pending shareholder approval, aims to generate an additional $450,000, bringing the total raised through this placement to $675,000. Notably, participants in the placement will receive one free-attaching option for every two shares subscribed.

Entitlement Offer for Shareholders
In addition to the placement, RBR Group is launching a pro-rata non-renounceable entitlement offer. Eligible shareholders in Australia, New Zealand, and South Africa can acquire one new share for every three shares held, priced at $0.001 per share. This offer is expected to raise approximately $619,802. The directors have committed to underwrite $150,000 of this entitlement offer, ensuring that the initiative is fully supported.

Use of Proceeds
The funds generated from both the placement and entitlement offer will primarily be allocated towards repaying convertible notes, enhancing working capital, and covering the costs associated with the capital raise. This strategic move reflects RBR Group’s commitment to strengthening its financial foundation and facilitating ongoing operational requirements.

Timetable for the Offering
The indicative timetable for the capital raise is as follows:

• Trading Resumption and Appendix Lodgment: October 29, 2024
• Prospectus Lodgment: November 8, 2024
• Record Date for Entitlement Offer: November 14, 2024
• Closing Date for Entitlement Offer: November 28, 2024
• Announcement of Results: December 5, 2024

RBR Group's proactive approach to capital raising underscores its strategic vision and dedication to maintaining a robust capital structure to support future growth prospects.

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