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RungePincockMinaroo Ltd (ASX:RUL) has successfully completed a placement raising $13 million through the issue of 28.9 million shares priced at $0.45 to institutional and sophisticated investors. RUL is the world’s largest publicly traded independent group of mining technical experts operating in 18 locations across 12 countries. It is a global leader in the provision of resources related software and advisory services.
RungePincockMinarco Ltd (ASX:RUL) has been granted a trading halt by the ASX this morning, pending details of a capital raising. The halt will remain in place until the opening of trade on Wednesday 28th September 2016, or earlier if an announcement is made to the market.
RungePincockMinarco Ltd (ASX:RUL) will cast a wider net in the mining software industry after entering into an agreement to acquire 100% of iSolutions, a global mining asset management software company. The consideration for the transaction is $8 million, followed by earn out payments of $6.5 million over three years based on the achievement of performance targets. RUL will also issue 9,166,666 shares to the shareholders of iSolutions which will be held in escrow for 12 months.
RungePincockMinarco Ltd (ASX:RUL) has been granted a trading a trading halt by the ASX, pending an update on the proposed acquisition of a private software company. The halt will remain in place until the opening of trade on Wednesday 18th May 2016, or earlier if an announcement is made to the market.