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REMSENSE TECHNOLOGIES LIMITED — Capital/Financing Update 2022
Nov 10, 2022
65684_rns_2022-11-10_9d7df026-1c08-4e97-a6e6-e2e7a8fdb7c1.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
11 November 2022
Results of Share Purchase Plan
RemSense Technologies Limited ( ASX: REM ) ( “RemSense ”) advises that the Share Purchase Plan announced on 13 October 2022 closed at 5.00pm (WST) on Wednesday 9 November 2022.
The Company received applications for 3,562,500 new fully paid ordinary shares from 70 shareholders raising a total of $ 570,000, which was $ 1,430,000 less then the target amount of $2 million.
The Company will continue with it’s plans to partner with IBM and grow new virtualplant customers utlising the funds raised and seek other opportunities to balance the working capital needs of the Company and these growth opportunities.
Shares will be issued to applicants on Monday 14 November 2022.
This release is approved by the Board of RemSense Technologies Limited.
For further information:
Steve Brown
Managing Director and CEO +61 8 6118 5610 [email protected]
About RemSense
RemSense Technologies Limited (ASX: REM)
RemSense has developed virtualplant, a photographic asset visualisation platform that fulfills the promise of VR/AI technology as a digital representation of plant assets (digital twin) that integrates with existing business operations and asset management systems to deliver greater productivity, increased safety, and reduced cost.
Suite 173, 580 Hay St Perth WA 6000| +61 8 6118 5610 | [email protected] ACN 648 834 771