Intiger Group Limited (ASX:IAM) announced a private placement of 300,000,000 shares at a price of AUD 0.01 per share for gross proceeds of AUD 3,000,000 on August 22, 2018. The company announced that the transaction will be completed in two tranches. The first tranche will be of 100,000,000 shares for gross proceeds of AUD 1,000,000 together with one free attaching unlisted option to acquire a share for every tranche 1 share and second tranche will be of 200,000,000 shares for gross proceeds of AUD 2,000,000 together with one free attaching unlisted option to acquire a share for every second tranche share. The free attaching unlisted options being issued under both tranches, have an exercise price of AUD 0.015 and an expiry date of October 31, 2020.