Menu
Menu
Structural Monitoring plots $1.4m rights issue

Structural Monitoring plots $1.4m rights issue

Structural integrity testing technology developer Structural Monitoring Systems (ASX:SMN) said it will soon launch a non-renounceable rights issue to raise $1.4 million.

The company is planning a one-for-three issue at $0.01 per share, with an attached one-for-one free listed option.

SMN added that it intends to conduct an investor open house meeting in order to fill in shareholders about its plans for 2011, including its restructuring efforts. SMN shares fell 20% on Thursday to $0.012.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!

Error: Please check your email address.

Tags Structural Monitoring Systemsrights issueASX:SMN

Show Comments
Computerworld
ARN
Techworld
CMO