Public Holdings (Australia) Limited announced a private placement of convertible notes for gross proceeds of AUD 290,000 on January 10, 2018. The notes will convert into up to 9,666,667 shares at a conversion price of AUD 0.03 per share and up to 9,666,667 attaching quoted options, exercisable at AUD 0.06 and expiring 30 months from the date the company's securities are reinstated to quotation. The company will seek shareholder approval to convert the convertible notes at the general meeting.