CORRECT: Flick Electric raises $5 mln new capital, adds Eastland as cornerstone investor

Tue, 15 Dec 2015

(Fixes Evander shareholding in 4th graph, names institutions in last graph) By Pattrick Smellie Dec. 15 (BusinessDesk) - Wellington-based online electricity retailer, Flick Electric, has raised $5 million in its second capital-raising in two years, adding the Gisborne-based Eastland Group as a cornerstone shareholder with an 11.1 percent shareholding, for an investment of a little over $2 million. Community-owned Eastland owns the Gisborne area electricity network and is diversifying into port, timber and airport management businesses...

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