RCN Capital Raising
Planned issue of Redeemable Convertible Notes to Wholesale and Eligible investors1 ; funds targeted to grow the Esquires Coffee network, primarily in China and extend the group’s working capital facilities
Cooks Global Foods (NZAX:CGF) today launches a wholesale offer to raise $6.0 million to fund the growth of its Esquires Coffee House network, primarily in China, and provide Cooks with working capital.
The company is seeking expressions of interest from Wholesale Investors and Eligible Investors to subscribe to minimum parcels of $50,000 of Redeemable Convertible Notes (RCNs). The RCNs will pay a 9% per annum coupon for a term of three years and are redeemable for cash or convert into ordinary shares. An investor presentation setting out the key terms of the offer is attached.