RLG $1.5M Strategic Placement agreed at a 21% Premium

e-Commerce company RooLife Group Ltd (ASX:RLG) (“RLG” or “Company”) is pleased to advise that it entered into an agreement with a strategic investment partner in China to undertake a placement of 176,470,588 new ordinary shares at an issue price of $0.0085 per share (Placement Shares) to investors under sections 708(1), 708(8) and/or 708(11) of the Corporations Act, to raise $1,500,000 (Placement)