Papyrus Australia Limited announced that it expects to receive AUD 0.05 million in funding

Papyrus Australia Limited (ASX:PPY) announced a private placement of 5,200,000 common shares at AUD 0.01 per share for gross proceeds of AUD 52,000 on January 27, 2017. The company will also issue 5,200,000 unlisted options at a price of AUD 0.01.