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Rainbow launches accelerated bookbuild to raise $5-million

3rd July 2019

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

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Aim-listed high-grade rare earth producer Rainbow Rare Earths hopes to raise $5-million in an accelerated bookbuild.

The funds raised will be invested in growing production at Rainbow’s fully operational Gakara Rare Earth project, in Burundi.

The funding will also strengthen the group’s balance sheet by providing additional stability during the ramp-up of production from new mining areas over the coming months.

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Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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