BKM Management Ltd. (ASX:BKM) announced a private placement of 50,000,000 shares at a price of AUD 0.003 per share for gross proceeds of AUD 150,000 on September 24, 2013. The round included participation from returning investor, Presage Resources Pte Ltd.

On the same day the company has received AUD 150,000 in its first tranche.

On November 26, 2013, the company announced that it will issue additional 110,000,000 shares to Presage Resources Pte Ltd. The company will issue 160,000,000 shares for gross proceeds of AUD 480,000 in the transaction.

On January 21, 2014, BKM Management Ltd. closed the transaction. The company issued 220,000,000 shares for proceeds of AUD 660,000. The company has received AUD 810,000 in total funding from the transaction.