Think announces capital raising and aquisitions

07/03/2018 11:45:00

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Childcare provider Think Childcare (ASX:TNK) has announced a capital raising and the acquisition of four childcare centres.

The company has launched an institutional placement to raise around $10 million dollars.

The purchase of the new centres will be fully funded by the proceeds of the capital raising.

Think says the offer price for the capital raising will be $1.99 per share.

Think Childcare (ASX:TNK) is currently in a trading halt and last traded at $2.10.