This article is from the Australian Property Journal archive
EUREKA Group Holdings has raised $12.5 million at 75 cents per share from institutional investors.
The group also intends to give all existing shareholders the option to invest at the same price as the institutional raising via a share purchase plan.
Eureka chairman Robin Levison said funds from the capital raising will be used to fund six imminent acquisitions later this month.
The institutional capital raising was undertaken by joint lead manager CCZ Equities and Canaccord Genuity and co-manager Hunter Green Institutional, and was oversubscribed.
Australian Property Journal
