De.mem Ltd. (AU:DEM) has released an update.
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De.mem Limited has successfully issued 18.5 million shares at $0.10 each to selected institutional and sophisticated investors in a placement that adhered to the regulations of the Corporations Act 2001. The shares were issued without public disclosure as allowed by the Act, and the company has confirmed full compliance with its requirements, including proper reporting and governance. An application for these shares to be quoted on the market was made alongside this announcement.
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