Hamilton Securities Limited (NSX:HSE) announced a private placement of 7,994,118 common shares at a price of AUD 0.17 per share for gross proceeds of AUD 1,359,000.06 on July 19, 2018. The transaction will include participation from Mercantile Investment Company Limited (ASX:MVT) for 5,294,118 shares, EGP Capital Concentrated Value Fund; a fund managed by EGP Capital for 900,000 shares, Noontide Opportunities Fund; a fund managed by Noontide Investments Ltd for 900,000 shares, and individual investors Ronald and Rhonda Langley for 900,000 shares. The transaction is subject to conditional on shareholder approval at the extraordinary general meeting.