KEY POINTS:
Life Pharmacy is looking at ways to raise up to $8 million in the next two to three months, to be used for working capital management and acquisition capital.
A renounceable rights issue to all shareholders was likely but no decisions had been made, the company said yesterday.
Last month Life Pharmacy said it had bought Care Chemists for an undisclosed sum.
For the year to the end of March the company made a net loss of $570,000, while revenue rose 28 per cent from a year earlier to $6.4 million.
Life Pharmacy shares last traded on June 3 at 52c.
