Rumble Resources Limited (ASX: RTR) announced a significant development aligned with its strategic objectives. The company has successfully entered into a Subscription Agreement with Bain Resources Holdings Ltd, an associated company of the renowned Indian contractor BGR Mining & Infra Limited. This exciting partnership entails BRH subscribing for 25 million shares in Rumble at an attractive price of 4 cents per share, representing a substantial total investment of AU$1 million.
These new shares will be issued under the company’s existing placement capacity by ASX Listing Rule 7.1 and will hold equal rank with existing securities. Rumble is dedicated to seeking quotations of the new shares issued to BRH on the ASX, further solidifying this pivotal collaboration. Notably, the successful execution of this agreement was achieved without the involvement of any broker or advisor, underscoring the confidence and trust in this strategic placement.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
