Placements::PROPOSED PLACEMENT

Issuer & Securities

Issuer/ Manager
RAMBA ENERGY LIMITED
Securities
RAMBA ENERGY LIMITED - SG1P35918371 - R14
RAMBA ENERGY LIMITED W190918 - SG5CL0000000 - BXLW
Stapled Security
No

Announcement Details

Announcement Title
Placements
Date &Time of Broadcast
05-Jun-2018 20:29:27
Status
New
Announcement Sub Title
PROPOSED PLACEMENT
Announcement Reference
SG180605OTHR6UQ3
Submitted By (Co./ Ind. Name)
Chew Kok Liang
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
PROPOSED ISSUE OF:

(1) A TOTAL OF 32,000,000 NEW ORDINARY SHARES IN THE CAPITAL OF THE COMPANY AT THE PLACEMENT PRICE OF S$0.09 PER SHARE; AND
(2) A TOTAL OF 64,000,000 NON-LISTED, NON-TRANSFERABLE WARRANTS CARRYING THE RIGHT TO SUBSCRIBE FOR ONE (1) SHARE EACH IN THE CAPITAL OF THE COMPANY AT THE EXERCISE PRICE OF S$0.12 PER SHARE

Please refer to the attachment.

Additional Details

Capital Amount-Old
SGD 140,356,167.43
Capital Amount-New
SGD 150,916,167.43
No. of Existing Outstanding Shares
547,748,677
New Shares Issued
96,000,000
Offer Price
SGD 10,560,000

Attachments

REL - Placement.pdf
Total size =260K