AustSino Resources Group Limited (ASX:ANS) announced a private placement of 81,000,000 shares at issue price of AUD 0.013 per share for gross proceeds of AUD 1,053,000 on July 20, 2020. The transaction included participation from various non-related investors in the transaction. The shares issued in the transaction are subject to a hold period of 12 months from the closing of the transaction. The transaction is not subject to approval from shareholders of the company.