RBR to raise cash as Mozambique projects delayed

OIL AND GAS workforce training contractor RBR Group has gone to market to sell 143 million shares to raise a combined around A$1 million as it looks to sure up its finances while the oil price crash and COVID-19 pandemic hits the Mozambique LNG industry.

RBR to raise cash as Mozambique projects delayed RBR to raise cash as Mozambique projects delayed RBR to raise cash as Mozambique projects delayed RBR to raise cash as Mozambique projects delayed RBR to raise cash as Mozambique projects delayed

 

RBR is raising the cash through two tranches, a placement to sophisticated investors at 0.7 cents per share, and a seperate subscription offer to directors at the same price.

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