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RBI invests A$2.8M in Shree Minerals

RBI Investments Pte. Ltd. has agreed to invest about A$2.8 millionin Shree Minerals Ltd.via a share placement.

According to a May 3 statement, RBI has agreed to acquire 142,184,223new fully paid ordinary shares of Shree, priced at 2 cents apiece.

The company plans to use the proceeds for working capital purposes.