- E-commerce and digital marketing company RooLife Group (RLG) has announced a $6.25 million capital raise
- The capital raise consists of both a placement and a non-renounceable entitlement issue
- Under the placement, more than 25 million fully paid ordinary shares will be issued to investors of Sequoia Corporate Finance
- The new shares will all be priced at 3 cents each, with RooLife recieveing just over $766,000 in subscriptions already
- The company will use all of the funds raised to speed-up client acquisitions, undertake global expansion and for online marketing support
- RooLife has ended the day 6.06 per cent in the green with shares trading for 3.5 cents each
