EFTel rights issue to raise $1.6m

Tuesday, 30th June 2009 - iTWire

Broadband ISP EFTel has launched a rights issued to raise in excess of $1.6m. Existing shareholders will be offered one new share for ever two held, at 1.95 cents per share, a 45 percent discount on their 15 day volume weighted average price to 26 June.