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DomaCom to raise A$500,000 in share placement

DomaCom Ltd. plans to raise A$500,000 from a share placement to an institutional investor.

The company will issue a total of 6,738,544 ordinary shares at 7.42 cents per share.

The funds raised will be used to drive DomaCom's continued growth including investment in its platform, growing sales in the accumulation and retirement markets and general working capital.

The settlement and issue of shares will occur on or before Sept. 13.