RooLife Group Ltd. (AU:RLG) has released an update.
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RooLife Group Ltd is aiming to raise $3.18 million through a one-for-one renounceable rights issue, priced attractively at 0.4 cents per share, a 20% discount to the 30-day VWAP. For every two new shares, shareholders receive one free new option, with directors and management showing strong participation and support. The funds will be used to expand the company’s sales platforms, repay debts, and add new markets, indicating a strategic growth plan.
For further insights into AU:RLG stock, check out TipRanks’ Stock Analysis page.