DUG Technology Ltd. Announces Successful Completion of Institutional Placement

DUG Technology Ltd (ASX: DUG) has completed an institutional placement, raising an impressive AU$30.0 million by issuing approximately 15.8 million new fully paid ordinary shares. Additionally, the Company has secured firm commitments from Directors to participate for an additional AU$0.2 million, subject to shareholder approval at the upcoming AGM on 19 November 2024. This presents a significant opportunity for its shareholders to partake in its growth.

This raise marks a pivotal moment in DUG's journey, empowering it to invest in promising growth opportunities. With its pipeline now the largest it has ever been, the Company is poised for substantial expansion and success.

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