RBR Group (ASX:RBR) launched a share purchase plan (SPP) aiming to raise up to AU$650,000, according to a Friday Australian bourse filing.

The plan allows eligible shareholders to purchase up to AU$30,000 worth of shares at AU$0.001 each, based on the five-day volume-weighted average price and without any brokerage or transaction fees.

The SPP record date is July 10, with the plan opening on July 15 and closing on July 30, the filing said.

Proceeds from the SPP will be used for the Field Ready-Futuro joint venture, repayment of convertible notes, offer costs, and general working capital, the filing added.