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Cash Converters International to Raise $5m to Acquire Franchised Stores and Grow Loan Book
Wednesday July 8, 2009, 4:49 pm

Original Announcement: Announcement - Capital Raising

Cash Converters International advised that it has resolved to raise up to $5m to purchase franchised stores and to increase the capacity of the Safrock loan book. The monies will be raised through the issue of up to 12.5m shares at an issue price of $0.40 per share to institutional and sophisticated investor clients of Hartleys, representing only a 3.6% discount to the closing price.

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