Field Solutions Holdings Limited (ASX:FSG) announced a private placement of convertible loan for gross proceeds of AUD 1,250,000 on February 20, 2019. The transaction included participation from new investor Kestrel Growth Companies Limited. Loan will be convertible into common shares of the company at a fixed conversion price of AUD 0.0225 per share. As a part of transaction Phillip Carter will join company's board.