CCK sends prospectus for $3m rights issue

CCK sends prospectus for $3m rights issue

Financial software company CCK Financial Solutions (ASX:CCK) has sent out a prospectus for a $3 million rights issue.

The company will offer 33.9 million new shares via a partially underwritten, renounceable rights issue, at $0.09 per share.

The shares will be offered to existing shareholders, on the basis of 2 new shares for every 3 shares held.

The funds will be used to help repay loan commitments, and as working capital. The closing date of the rights issue is October 5.

CCK shares are today trading unchanged at $0.080.

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Tags softwarerights issueCCK Financial Solutionscapital raisingASX:CCK

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