Elsight Limited (ASX:ELS) announced a private placement of 12,507,208 shares at a price of AUD 0.72 per share for gross proceeds of AUD 9,005,189 on March 5, 2018. The transaction will include participation from wholesale and institutional investors. The investors will be entitled to receive one free option for every two shares subscribed exercisable at AUD 1.00 each. The option will expiry in three years from the date of issue. The transaction is subject to approval from the shareholders of the company.