Pulse Energy seeks up to $6 mln in convertible notes offer

Wed, 15 Oct 2014

By Paul McBeth Oct. 16 (BusinessDesk) - Pulse Energy, the electricity retailer controlled by lines company Buller Electricity, is seeking up to $6 million through a convertible notes offer to sophisticated investors to ensure it has a big enough cash buffer as it continues to grow. The Auckland-based company wants to raise at least $3 million of which chief executive Gary Holden and directors James Hoseason, Francis Dooley and Peter Young would subscribe to about $1.5 million, it said in a statement. Their participation required a waiver...

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