Fin Resources Limited announced a private placement of 89,333,333 common shares at a price of AUD 0.018 per share for gross proceeds of AUD 1,607,999.994 on April 28, 2021. The transaction will take place in two tranches, the first tranche will comprise up to 72,922,860 shares that will be issued under Listing Rules 7.1 and 7.1A. and the second tranche will comprise up to 16,410,473 shares and will be subject to shareholder approval. The transaction will include participation from Non-Executive Director, Jason Bontempo or his nominee for a further 8,333,334 shares to raise up to a further AUD 150,000.012 subject to shareholder approval. The transaction is expected to close on June 15, 2021.