Enerji Ltd (ASX:ERJ) announced a private placement of 43,750,000 ordinary shares at price of AUD 0.0016 per share for gross proceeds of AUD 70,000 on October 11, 2013. The company also issued 21,875,000 options exercisable at AUD 0.03 per share till June 30, 2015.

On the same date, the company announced that it has received AUD 70,000.


On December 20, 2013, Enerji Ltd closed the transaction. The company issued 58,250,000 ordinary shares for AUD 93,200 in another tranche. 29,125,000 options were also issued in this tranche. The total proceeds raised from the transaction are AUD 163,200.