Hiremii announces placement and director appointment

Hiremii Limited (ASX:HMI) has successfully secured commitments from professional and sophisticated investors to raise $600,000 through a placement at $0.06 per share, representing a 33% premium to the company's last closing price. The funds raised will be used for the continued development of the Hiremii AI driven recruitment platform, expansion of recruitment service, and general working capital. Additionally, the company has appointed Yingyi (Sophie) Chen as a Non-Executive Director.

Executive commentary on placement and director appointment

Hiremii CEO and Managing Director, Andrew Hornby, expressed his delight in welcoming new professional and sophisticated investors through the capital raising, demonstrating a strong commitment to the company's promising future. He highlighted the placement completed at a strong premium, showcasing the existing value in both their subsidiary Inverse Group and the momentum in their AI driven recruitment platform. The raised funds will aid in the continued effort to commercialize their technology and invest in the expansion of Inverse Group into emerging industries. Hornby also emphasized the positive impact of Sophie Chen's addition to the board, strengthening their ability to assess transformative opportunities and deliver positive returns to shareholders.

Summary of Hiremii's placement and director appointment

Hiremii Limited (ASX:HMI) has successfully raised $600,000 through a placement at a 33% premium to the last closing price, demonstrating strong investor confidence in the company's future. The funds will be utilized for the development of the Hiremii AI driven recruitment platform, expansion of recruitment service, and general working capital. The appointment of Yingyi (Sophie) Chen as a Non-Executive Director further strengthens the company's strategic capabilities. With the successful placement and new director appointment, Hiremii is well-positioned to pursue its corporate strategy and drive positive returns for its shareholders.