Simavita Limited (ASX:SVA) announced a private placement of 3,333,331 chess depository interests at AUD 0.03 per chess depository interest for gross proceeds of AUD 100,000 on November 19, 2018. The chess depository interest represents 0.8% of total interest. The chess depository interest will be issued and quoted on the Australian Stock Exchange on November 20, 2018. There are no underwriting arrangements in place for the placement. There is no shareholder approval requirement. The transaction has been approved by the board of directors of the company. Fees and costs incurred in connection with the issue are approximately AUD 5,000.