Cashwerkz Limited (ASX:CWZ) announced a private placement of 51,851,852 shares at a price of AUD 0.27 per share for gross proceeds of AUD 14,000,000.04 on June 15, 2021. The transaction will involve participation from new and existing investors and management and directors who has committed AUD 2,000,000. The transaction is expected to close on June 21, 2021. The company will raise funding in two tranches, second tranche of 29,741,977.00 shares, subject to shareholder’s approval meeting to be held on July 27, 2021.