Disruptive Investment Group Limited (ASX:DVI) announced a private placement of 243,000,000 common shares at a price of AUD 0.005 per share for gross proceeds of AUD 1,215,000 on March 26, 2018. The company will also issue options in the transaction. The company will issue one free attaching unlisted option for every four shares subscribed. The options have an exercise price of AUD 0.02 and will expire two weeks after the company releases its financial year 2020 full-year results. The transaction will include participation from institutional, sophisticated and professional investors. The company will pay a fee of AUD 60,500 in relation with the transaction. The transaction is expected to close between April 4, 2018 and April 6, 2018. The transaction does not require approval by the shareholders.