GPS Alliance Holdings Limited (ASX:GPS) announced a private placement of 7,686,042 common shares at a price of AUD 0.048 per share for gross proceeds of AUD 368930.016 on April 23, 2019. The transaction will include participation from Top Capital Securities Pte. Ltd, a professional and sophisticated investor. The company expects to close the transaction on April 24, 2019. The transaction is subject to approval in the Annual General Meeting of the company to be held on May 30, 2019.