BRIEF-Titomic Announces Placement To Raise A$30.0 Mln

Reuters10-16

Oct 16 (Reuters) - Titomic Ltd :

* PLACEMENT TO RAISE A$30.0 MILLION AT A$0.12 PER SHARE

* PROCEEDS WILL BE USED TO FUND ESTABLISHMENT OF OPERATIONAL HEADQUARTERS AND MANUFACTURING FACILITIES IN HUNSTVILLE

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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