Harris Technology Group Limited (ASX:HT8) announced a private placement of 7,272,728 common shares at a price of AUD 0.11 per share for gross proceeds of AUD 800,000 on January 9, 2017. The transaction included participation from two strategic sophisticated investors. The shares are subject to voluntary escrow for a period of 12 months, expiring on January 9, 2018. The transaction has been approved at its shareholders' approval.