ReNu Energy Limited (ASX:RNE) announced a private placement of 26,552,581 shares at a price of AUD 0.055 per share for gross proceeds of AUD 1,460,392 on June 2, 2021. The transaction will include participation from professional and sophisticated investors. The company will also issue 20,776,291 attaching option for every two shares subscribed for with a strike price of AUD 0.07 per share and an expiry date of 31 December 2023. The issuance of option is subject to shareholder's approval at the upcoming extra ordinary general meeting. The payment date is June 8, 2021.