De.mem Limited accepted commitments to raise AU$3.0 million

De.mem Limited (ASX: DEM) announced that it had accepted firm commitments to raise AU$3.0 million via a share placement. The placement comprised the issue of approx. 21.4 million fully paid ordinary shares at an issue price of AU$0.14 per new share, and the issue price represents an 18.6% discount to the 5-day Volume Weighted Average Price to 25 July 2022.

The funds raised through the placement will be used to fund the acquisition of the remaining 25% in De.mem-Geutec GmbH and additional Build, Own, and Operate opportunities following the successful delivery of two key BOO/BOOT projects, also to fund the future acquisitions and general working capital.

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