Childcare provider Think Childcare (ASX:TNK) has announced a capital raising and the acquisition of four childcare centres.
The company has launched an institutional placement to raise around $10 million dollars.
The purchase of the new centres will be fully funded by the proceeds of the capital raising.
Think says the offer price for the capital raising will be $1.99 per share.
Think Childcare (ASX:TNK) is currently in a trading halt and last traded at $2.10.