AENEA (AUST) PTY LTD announced that it has entered into a purchase agreement for a private placement of 10,000,000 at a price of AUD 0.20 per share for gross proceeds of AUD 2,000,000 on May 27, 2018. The transaction included participation from new investor Authorised Investment Fund Ltd. (ASX:AIY). The investor has an option to acquire additional shares for AUD 1,000,000 at a fixed exercise price of AUD 0.20 per share by August 1, 2018. The investor acquired 20% stake in the company and will acquire an additional 10% on the exercise of the option through the transaction. The transaction was approved by the board of directors of the investor.