Ora Banda Mining Limited (ASX:OBM) announced a private placement of 100,000,000 shares at a price of AUD 0.185 for gross proceeds of AUD 18,500,000 on August 16, 2019. The transaction will include participation from both existing shareholders and new sophisticated and professional investors. Hawke'S Point Holdings L.P. participation require shareholder approval, will settle the second tranche following the associated meeting of shareholders. The transaction is expected to close on August 23, 2019.