De.mem Limited (ASX: $DEM) Placement Announcement

De.mem Limited (ASX: $DEM) has successfully closed a $2.2m share placement at 9 cents per share, with commitments from existing institutional investors and the Board. The placement, comprising approximately 24.4 million fully paid ordinary shares, is aimed at supporting the execution of contracts, launch of new business such as the company's new Graphene Oxide enhanced membrane, and potential acquisitions.

Executive Commentary on Placement and Growth Strategy

De.mem CEO Andreas Kroell expressed gratitude towards existing investors and the Board for their support. He highlighted the company's innovative membrane technology, expanded product range around water treatment specialty chemicals, and its capability to operate and maintain water treatment plants. Kroell emphasized De.mem's unique position as a water and wastewater treatment supplier to industrial customers in Australia, Singapore, and internationally, with plans to expand its position in both the industrial and domestic water filtration market.

Summary of De.mem's Placement and Growth Strategy

De.mem Limited (ASX: $DEM) has successfully raised $2.2m through a share placement, primarily from existing institutional investors and the Board. The funds are intended to support the execution of existing contracts, new business opportunities such as the launch of the Company's new Graphene Oxide enhanced membrane, potential mergers & acquisitions, costs of the Placement, and general working capital. The company's CEO, Andreas Kroell, highlighted De.mem's unique position in the water and wastewater treatment industry, emphasizing its innovative membrane technology and expanded product range. De.mem aims to expand its presence in both the industrial and domestic water filtration market, leveraging its capabilities and innovative technologies for future growth and market expansion.