Rhinomed Limited (ASX:RNO) announced a private placement of 24,000,000 shares at AUD 0.15 per share for gross proceeds of AUD 3,600,000 on November 29, 2017. The transaction will include participation from existing sophisticated and new institutional private investors. The transaction will include participation from Ron Dewhurst, Chairman of the company, and Michael Johnson, the Chief Executive Officer of the company.