By Sheri Kasprzak
Atlanta, March 29 - Kids Campus Ltd. said it has completed a private placement of stock for A$13 million.
The company sold 7,462,686 shares at A$0.67 each for A$5 million in a brokered offering.
Chimaera Capital Ltd. was the underwriter in the brokered portion of the deal.
The company also issued 12,698,412 shares in a non-brokered offering at A$0.63 each. Investec Bank Ltd. and Investec Wentworth Private Equity Ltd. bought the non-brokered shares for proceeds of A$2 million and A$6 million, respectively.
Based in Queensland, Australia, Kids Campus operates a chain of childcare centers. The company plans to use the proceeds to open new centers. The remainder will be used for working capital.
Brokered offering
| Issuer: | Kids Campus Ltd.
|
| Issue: | Stock
|
| Amount: | A$5 million
|
| Shares: | 7,462,686
|
| Price: | A$0.67
|
| Warrants: | No
|
| Underwriter: | Chimaera Capital Ltd.
|
| Settlement date: | March 29
|
| Stock price: | A$0.70 at close March 29
|
|
|
| Non-brokered offering
|
| Issuer: | Kids Campus Ltd.
|
| Issue: | Stock
|
| Amount: | A$8 million
|
| Shares: | 12,698,412
|
| Price: | A$0.63
|
| Warrants: | No
|
| Investors: | Investec Bank Ltd. and Investec Wentworth Private Equity Ltd.
|
| Settlement date: | March 29
|
| Stock price: | A$0.70 at close March 29
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
