DomaCom secures $500,000 raise

DomaCom secures $500,000 raise

Property investment platform DomaCom has received binding commitments via a share placement from an institutional investor to raise $500,000.

The funds will be used to drive its continued growth in its platform, DomaCom reported, increasing sales in the accumulation and retirement markets via its innovative products and general working capital requirements.

A total of 6,738,544 ordinary shares will be issued at 7.42 cents per share under the placement, under the capacity currently available, which allows DomaCom to raise up to 100 per cent of eligible fully paid ordinary shares.

The capacity also allows the issue of up to 16,179,311 shares without shareholder approval.

DomaCom chief executive Arthur Naoumidis commented: “It is pleasing to have received the support of a new institutional shareholder at this pivotal time in our history, and I now look forward to focusing on growing our business.”

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Source: DomaCom secures $500,000 raise – InvestorDaily