Austco Healthcare Limited (AU:AHC) has released an update.
Austco Healthcare Limited has secured $6.9 million through a share placement to sophisticated and professional investors, and aims to raise an additional $2.82 million via a fully underwritten 1 for 22 entitlement offer. The capital raised, totaling approximately $9.7 million, will fund the acquisition of Amentco, debt repayment, and the company’s working capital needs. Austco’s leadership has expressed confidence in this strategic move, which is expected to significantly contribute to their growth within Australia.
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