ReNu Energy Limited announced a private placement of 26,400,000 shares at AUD 0.09 per share for gross proceeds of AUD 2,376,000 on December 6, 2021. Professional and sophisticated investors will participate in the transaction. The company will also issue one options for every four shares subscribed for with a strike price of AUD 0.07 per share and an expiry date of December 31, 2023. The transaction does not need approval from the shareholder.