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Rumbu Holdings Ltd ( (TSE:RMB) ) has provided an announcement.
Rumbu Holdings Ltd. reported that shareholders approved all resolutions at its recent annual and special meeting, including the appointment of KMSS LLP as auditor, the current board of directors and the company’s stock option plan, while also securing an amended and improved term sheet from its principal lender, Bank of Montreal. The company announced plans for a non-brokered private placement of up to 2,000,000 units at $1.00 per unit to raise up to $2 million, with each unit consisting of one common share and one warrant, to fund general working capital and support the acquisition of additional funeral homes, a move that could strengthen its balance sheet, expand its operating footprint and potentially enhance its positioning in the fragmented funeral services market, subject to regulatory approvals and expected closing around February 27, 2026.
More about Rumbu Holdings Ltd
Rumbu Holdings Ltd., listed on the TSX Venture Exchange under the symbol RMB, operates in the funeral services sector, with a stated focus on acquiring additional funeral homes as part of its growth strategy.
Average Trading Volume: 33,195
Technical Sentiment Signal: Buy
Current Market Cap: C$10.29M
See more data about RMB stock on TipRanks’ Stock Analysis page.