Fractional property investment company DomaCom (ASX:DCL) is pleased to announce it has secured A$1,000,000 in funds through the issue of a Convertible Security to the Australian Special Opportunity Fund, LP, a New York-based institutional investor managed by The Lind Partners, LLC (together, “Lind”).
Under the agreement with Lind, A$1,000,000 is immediately available to DomaCom and will be used to support the ongoing development of the DomaCom Platform and meet working capital requirements. The agreement provides for DomaCom to request up to an additional A$500,000 during the term of the security through the issue of a second Convertible Security subject to separate approval by Lind.
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