Element 25 Limited (ASX:E25) announced a private placement of 12,500,000 common shares at a price of AUD 0.78 per share for gross proceeds of AUD 9,750,000 and convertible notes for AUD 2,000,0000; for aggregate of AUD 11,750,000 on October 12, 2020. The company has received firm commitments from sophisticated, professional and institutional investors. The debt funding will be received from OM Materials (S) Pte Ltd. The senior executive of the company will subscribe for a total of AUD 309,000. The tranches one will be of 8,800,000 shares not subject to shareholder s approval and tranche two will be of 3,700,000 shares and is subject to available capacity at the conclusion of its annual general meeting scheduled for November 4, 2020. The tranche 1 is expected to close on October 19, 2020 and tranche 2 is expected top close on November 16, 2020.