Placements::PROPOSED PLACEMENT - UPDATE

Issuer & Securities

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

Announcement Details

Announcement Title
Placements
Date &Time of Broadcast
22-Nov-2018 21:21:35
Status
New
Announcement Sub Title
PROPOSED PLACEMENT - UPDATE
Announcement Reference
SG181122OTHR6J8I
Submitted By (Co./ Ind. Name)
Chew Kok Liang
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
(1) PROPOSED ISSUE OF A TOTAL OF 96,800,000 NEW ORDINARY SHARES IN THE CAPITAL OF THE COMPANY AT THE PLACEMENT OF S$0.105 PER SHARE; AND

(2) TERMINATION OF PLACEMENT AGREEMENT WITH JUDAH VALUE ACTIVIST FUND.

Please refer to the attachment.

Additional Details

Capital Amount-Old
SGD 140,745,647.68
Capital Amount-New
SGD 150,909,647.68
No. of Existing Outstanding Shares
549,067,840
New Shares Issued
96,800,000
Offer Price
SGD 10,164,000

Attachments

REL - Announcement_Placement.pdf
Total size =264K