Locality Planning Energy Holdings Limited announced a private placement of 30,000,000 fully paid ordinary shares at AUD 0.20 per share for gross proceeds of AUD 6,000,000 on August 18, 2021. The company will also issue together a free attaching 1 for two 2 option with an exercise price of AUD 0.30, and an expiry two years from the date of issue. The transaction will include participation from new and existing sophisticated and institutional shareholders. The shares will be issued in two tranches. Tranche 1 will consist of the issue of 15,720,000 Shares to new and existing professional, sophisticated, and other exempt investors to for proceeds of AUD 3,144,000, expected to be issued on 24 August 2021. Tranche 2 will be subject to shareholder approval with participation by an associated entity of the companys Chairman, Justin Pettett, subscribing for AUD 200,000 of the proceeds as well as other existing majority shareholders subscribing for a further 14,280,000 shares to raise an additional AUD 2,856,000 together with the issue of 15,000,000 options to investors in the transaction. The transaction is subject to approval from the general meeting of shareholders. Other approvals will be called soon.