Auctus Alternative Investments Limited (ASX:AVC) announced that it has received binding commitments for a private placement of 3,250,000 common shares at a price of AUD 0.35 per share for gross proceeds of AUD 1,137,500 on June 26, 2019. The transaction will include participation from a mix of existing and new sophisticated and professional investors. On the same day company has issued 1,300,500 shares for gross proceeds of AUD 455,175 in its first tranche closing.