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Pulse Utilities seeks new capital

posted Sep 14, 2010, 10:09 PM by ema-1 ema-1   [ updated Sep 18, 2010, 6:11 PM ]
"Independent electricity retailer Pulse Utilities (NZAX: PLU) hopes to fund growth through a $3.3m share purchase plan announced today. The company is offering shareholders up to $15,000 of ordinary shares at the current issue price of $0.44 per share, with a top-up offer available until the purchase plan’s estimated cap of $3.3m is reached. The new capital will be used to fund continued customer acquisition and PulseX5 Smart Meter roll-out."