Story-I Limited (ASX:SRY) announced a private placement of 92,100,964 common shares at a price of AUD 0.023 per share for gross proceeds of AUD 2,118,322.172 on March 16, 2021. The transaction will include participation from new professional and sophisticated investors who will also receive one free attaching option for every two placement shares. The options are exercisable at AUD 0.046 per option and will have an expiry date of 2 years from issue date. The company expects to close the transaction on March 23, 2021.