So what will this exactly mean if it comes to fruition????
FocalPoint has been in discussions with a range of investors including private
equity, venture capital and strategic investors. A very large number of investors
have shown interests in this process and have now signed NDAs.
Investment options include raising new equity, and the sale of all or part of
Candy Club.
Proposals will be submitted to FocalPoint by 23 June and Candy Club expects
this to be concluded with a binding proposal, pending due diligence, in 8-12
weeks outside of any ASX regulatory requirement.
Shareholders should be aware that there is no certainty these discussions will
lead to any acceptable proposal and the Company will update shareholders in
due course, including whether a proposal has been made or is under
consideration
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