Intermoco completes $1.2m capital raising

Intermoco completes $1.2m capital raising

Utilities management provider Intermoco (ASX:INT) has completed of its nearly $1.2 million rights issue.

The company, which provides services including smart grid metering, announced the underwritten one-for-nine rights issue in January.

The funds have been used to complete the full redemption of a $2.1 million convertible note issued to Belgravia Strategic Equities, Intermoco said. INT shares stayed flat on Monday at $0.004.

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Tags smart gridIntermocorights issuecapital raisingASX:INT

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