Greenwing Resources Ltd announced a private placement of 25,625,000 common shares at a price of AUD 0.24 for gross proceeds of AUD 6,150,000 on September 8, 2021. The company will receive conditional placement of AUD 1,520,000 from professional and sophisticated investors and directors. The conditional placement needs to by approved by the shareholders of the company in a meeting expected to be held in November 2021. The transaction is expected to close on September 14, 2021. On the same date, the company issued 19,300,000 shares in its first tranche for proceeds of AUD 4,630,000 to professional and sophisticated investors.