Toys "R" Us ANZ Raises AU$550K in Private Placement

Toys "R" Us ANZ Limited (ASX: TOY) has successfully completed a private placement, raising AU$550,000 through the issuance of 84,615,385 new fully paid ordinary shares at AU$0.0065 per share. An additional 2,307,692 shares were issued to an advisor involved in the placement. The funds will bolster short-term working capital, facilitating the company's ongoing business model transformation.

CEO Penny Cox expressed gratitude for support from major shareholders and welcomed two new strategic investors. The placement price represents a 17.79% discount to the company's 15-day VWAP. Due to prior share suspension, a Prospectus was prepared to comply with regulatory requirements. The offer was exclusively available to invited investors participating in the placement. This interim funding allows the company to focus on building a more efficient structure for future growth.

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