Data Communications Management Corp T.DCM

Closing of $26.1 Million Private Placement Offering T.DCM

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May 25, 2023 09:22 AM Eastern Daylight Time

BRAMPTON, Ontario--(BUSINESS WIRE)--DATA Communications Management Corp. (TSX: DCM; OTCQX: DCMDF) (“DCM” or the "Company"), a leading provider of marketing and business communication solutions, is pleased to announce it has completed its previously announced private placement (the “Offering”) of common shares of the Company (“Common Shares”). Upon closing of the Offering, the Company issued 8,707,200 Common Shares at a price per share of $3.00 for gross proceeds of $26,121,600.

DATA Communications Management Corp. Announces Closing of $26.1 Million Private Placement Offering | Business Wire