TruScreen Limited (NZSE:TRU) announced a private placement of 9,433,962 shares at a price of NZD 0.106 per share for gross proceeds of NZD 1,000,000 on July 2, 2019. The company will also issue one free attaching option exercisable at NZD 0.13 per share for a period of 2 years. Chairman of the company will subscribe to 1,000,000 shares for NZD 106,000, which is subject to approval of shareholders in annual meeting to be held on August 27, 2019.