DomaCom Limited (ASX: DCL) (DomaCom) is pleased to announce it has received binding commitments via a share placement (“Placement”) to professional and sophisticated investors to raise $1.5 million.
A total of 16,666,667 ordinary shares will be issued at a price of $0.09 per share. The Placement has been made using the capacity currently available under ASX Listing Rule 7.1 and therefore does not require shareholder approval. The capacity under ASX Listing Rule 7.1 allows DomaCom to raise up to 15% of eligible fully paid ordinary shares and therefore allows the issue of up to 21,697,630 without shareholder approval.
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