AustSino Resources Group Limited (ASX:ANS) announced a private placement of 33,980,764 common shares at an issue price of AUD 0.013 per share for gross proceeds of AUD 441,750 on January 31, 2020. The transaction included participation from non-related sophisticated investors. All securities issued in the transaction are subject to a hold period of one year. The transaction does not need any shareholder approval.