Black Star Petroleum Limited (ASX:BSP) announced a private placement of 117,503,170 shares at a price of AUD 0.0012977 per share for gross proceeds of AUD 152,402 on August 3, 2018. The company issued 15,000,000 unlisted options in the transaction. The options will be exercisable at AUD 0.003 on August 3, 2020.