Oct 23 (Reuters) - Funtastic Ltd FUN.AX :
* WILL ACQUIRE HOBBY WAREHOUSE GROUP
* FUNTASTIC ANNOUNCES ACQUISITION OF E-COMMERCE WEBSITES TOYS "R" US, BABIES"R"US
* HWG ACQUISIITON FOR $32.6 MILLION
* TO CONVERT $6 MILLION OF ITS DEBT FACILITY WITH JASZAC INVESTMENTS TO SHARES AT $0.112 PER SHARE
* TO UNDERTAKE FULLY UNDERWRITTEN INSTITUTIONAL PLACEMENT OF ABOUT 258.9 MILLION SHARES AT 11.2 CENTS/SHARE TO RAISE ABOUT $29 MILLION
* JASZAC MAY PARTICIPATE IN PLACEMENT FOR UP TO $3 MILLION