StockMarketWire.com - Rainbow Rare Earths launched a share placement to raise between £2.6m and £2.8m.

New shares would be issued to new and existing investors for no less than 14p each, the company said.

Proceeds would help bring forward growth plans at the producing Gakara rare earth project in Burundi.




At 9:52am: [LON:RBW] Rainbow Rare Earths Ltd share price was -1p at 14.25p



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