Auctus Alternative Investments Limited (ASX:AVC) announced a private placement of 5,000,000 common share at a price of AUD 0.20 per share for an aggregate gross proceeds of AUD 1,000,000 on April 6, 2020. The transaction will include participation from high net worth and sophisticated investors which includes both new and existing investors. The transaction is expected to close on April 14, 2020.