Small listed rental retirement village operator Eureka has raised $8M from institutional investors, to fund further rental village acquisitions.  They purchasd the stock at at 45 cents per share compared to its close yesterday of 51.5 cents, a discount of 12%.

Eureka says they will use the funds to acquire multiple rental villages, which they are currently negotiating.
Since 23 December their share price has increased from 30 cents to 51 cents, a jump of 66%.

Interested in their business strategy? See the presentation by Eureka Chairman Robin Levison at our LEADERS SUMMIT in March HERE.