Business
Admission to Trading on the London Stock Exchange
Admission to Trading on the London Stock Exchange.
About this update from Rainbow Rare Earths Ltd.
[{"type":"text","content":"\n \nRNS Number : 3757V Rainbow Rare Earths Limited 30 January 2017 \n\nNOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA (THE \"UNITED STATES\") (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.\n \nThis announcement is an advertisement for the purposes of the Prospectus Rules and not a prospectus. Neither this announcement nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. Investors should not purchase or subscribe for any transferable securities referred to in this announcement except on the basis of information contained in the prospectus (the \"Prospectus\") published by the Company (as defined below) in connection with the admission of the Company's ordinary shares of no par value (the \"Ordinary Shares\") to the Official List of the Financial Conduct Authority (the \"FCA\") (Standard Listing Segment) and to trading on the Main Market for listed securities of the London Stock Exchange plc (the \"London Stock Exchange\"). This announcement is not an offer to sell, or a solicitation of an offer to acquire, securities in the United States, Australia, Canada, Japan, the Republic of South Africa or in any other jurisdiction.\n \nFOR IMMEDIATE RELEASE\n30 January 2017\nRainbow Rare Earths Ltd ('Rainbow' or 'the Company')\nAdmission to Trading on the London Stock Exchange\n \nRainbow, the rare earth element development company operating in East Africa, is pleased to announce the admission of its entire issued share capital of 152,025,807 ordinary shares of no par value (the 'Ordinary Shares') to the standard listing segment of the Official List of the Financial Conduct Authority and to trading on the Main Market of the London Stock Exchange for listed securities ('Admission'). This follows the placing of 65,036,958 Ordinary Shares at a price of 10 pence per share, giving the Company a market capitalisation of approximately £15.2 million on Admission. The funds raised will capitalise its Gakara Project in Burundi through trial mining and into produc...