Bubs Australia (ASX:BUB) completes $30m placement

Bubs (ASX:BUB) Australia has raised $30 million placement the placement was priced at 95 cents a share.

And a $5 million share purchase plan.

The equity raised is expected to be used for increased marketing in China among other things.

Bubs is the market leader in goat dairy producing 65 per cent of all Australian goat milk products with a market cap of around $550 million.

Shares Bubs (ASX:BUB) last traded at $1.07.
 
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Source: Finance News Network