Oct 23 (Reuters) - Funtastic Ltd (FUN) :
- WILL ACQUIRE HOBBY WAREHOUSE GROUP
- FUNTASTIC ANNOUNCES ACQUISITION OF E-COMMERCE WEBSITES TOYS "R" US, BABIES"R"US
- HWG ACQUISIITON FOR $32.6 MILLION
- TO CONVERT $6 MILLION OF ITS DEBT FACILITY WITH JASZAC INVESTMENTS TO SHARES AT $0.112 PER SHARE
- TO UNDERTAKE FULLY UNDERWRITTEN INSTITUTIONAL PLACEMENT OF ABOUT 258.9 MILLION SHARES AT 11.2 CENTS/SHARE TO RAISE ABOUT $29 MILLION
- JASZAC MAY PARTICIPATE IN PLACEMENT FOR UP TO $3 MILLION
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