Veritas to offer up to $25M of shares in April, has $10M facility with ANZ

Fri, 01 Mar 2013

March 1 (BusinessDesk) - Veritas Investments, the shell company that’s acquiring the Mad Butcher franchisor business, aims to raise up to $25 million in the public share offer next month and has secured a $10 million loan facility from ANZ New Zealand. The capital raising will fund the $20 million cash component of its $40 million purchase, with the balance to be met with an issue of ordinary Veritas shares. Craigs Investment Partners is underwriting $12.7 million of the share sale though it has subsequently gained sub-underwriting agreement...

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