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DataMotion (ASX:DMN) raises $160k in share placement

DataMotion (ASX:DMN) raises $160k in share placement

Data security product developer DataMotion (ASX:DMN) has raised $160,000 in a share placement.

The company has placed 200 million ordinary shares at an issue price of 0.08 cents per share to sophisticated investments.

The shares had been issued without disclosure to investors under legislation allowing companies to issue up to 15% of their share capital in new shares without consultation.

DMN shares are currently trading at $0.001.

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Tags Share placementASX:DMNDataMotionsecuritycapital raising

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