- Design Milk Co (DMC) has received commitments to undertake a $2.45 million two-phase placement
- The digital media company has also announced a share purchase plan (SPP) with aims to raise an additional $200,000
- Under the placement, more than 408.3 million shares will be issued to sophisticated and professional investors at 0.6 cents
- This price represents a 22 percent discount to the five-day volume-weighted average price of 0.77 cents
- In regards to the share purchase plan, eligible shareholders will be able to subscribe for up to $30,000 worth of shares at 0.6 cents
- Design Milk is steady on the market and shares are currently trading at 0.8 cents
