Technology Metals Australia Limited (ASX:TMT) announced placement of up to 13,660,000 fully paid ordinary shares at a price of AUD 0.15 per share for gross proceeds of AUD 2,049,000 on June 5, 2020. The transaction will include participation from Mr. Xu Jinfu and other new, existing sophisticated and strategic investors. The issuance of 10,745,000 shares is subject to shareholder approval