"Subscription lolly company Candy Club was getting in front of small cap investors on Thursday, with a capital raising to restock its acquisition kitty.Candy Club is reaching into the capital raising lolly jar. The company had Bell Potter at hand on the deal, and was offering shares to funds at 22¢ each, a 4.3 per cent discount to its last close, according to terms sent to potential investors.Funds were told that money raised would used to bolster Candy Club’s “acquisition inventory”, as well as for customer acquisition and working capital.In addition to the raising, Candy Club told funds it had secured a $US7.5 million debt facility from US venture firm WTI.Bids into the placement were due by midday on Friday" Source-AFR
CLB Price at posting:
23.0¢ Sentiment: Hold Disclosure: Not Held
