Authorised Investment Fund Ltd. (ASX:AIY) announced a private placement of 10,000,000 common shares for a total gross proceeds of AUD 1,500,000 on May 28, 2018. The transaction involved participation from Asian Integrated Media Pty Ltd for 5,000,000 at an issue price of AUD 0.10 per share and AENEA (AUST) PTY LTD for 5,000,000 at an issue price of AUD 0.20 per share.