AustSino Resources Group Limited (ASX:ANS) announced a private placement of 41,923,077 at an issue price of AUD 0.013 per share for gross proceeds of AUD 545,000 on January 17, 2020. The transaction included participation from non-related sophisticated investors. All securities issued in the transaction are subject to a hold period of 1 year. The transaction does not need any shareholder approval.