RBR Group Secures funding from Tennant
- RBR Group (RBR) secures $320,000 in new funding from South African based private entity, Tennant Group
- The board of RBRGroup entered a convertible loan deed with Tennant Group which will see Tennant hand over $300,000, to convert to approximately 86 million shares in RBR
- Additionally, Tennant’s Managing Director, Stephen Tennant, has applied for a placement of RBR shares worth $20,000, equivalent to 5.7 million shares
- Meanwhile, RBR and Tennant have been discussing ways in which Tennant can assist with further financial support to strengthen the RBR capital base
- RBRGroup last traded at 0.4 cents on September 28
