Enhanced Oil & Gas Recovery Limited (ASX:EOR) announced a private placement of 160,120,841 common shares at a price of AUD 0.000571 per share for proceeds of AUD 91,429 and a convertible note for proceeds of AUD 300,000, for aggregate gross proceeds of AUD 391,429 on April 18, 2019. The transaction has been approved by the board of directors of the company. On the same date, the company has secured funds of AUD 300,000 for convertible note in its first tranche.