AustSino Resources Group Limited (ASX:ANS) announced a private placement of 49,230,769 common shares at an issue price of AUD 0.013 per share for gross proceeds of AUD 640,000 on December 19, 2019. The shares issued in the transaction are subject to a holding lock and may not be traded or transferred for 12 months or until the company issues a prospectus or similar disclosure.