Triple Energy Limited (ASX:TNP) intends to conduct a private placement of 100,000,000 shares at AUD 0.006 per share for gross proceeds of AUD 600,000 on December 16, 2013. The transaction will involve participation from sophisticated investors known to the company. The company does not require shareholder's approval for the transaction.

On January 17, 2014, Triple Energy Limited closed the transaction. The transaction included participation from new and existing professional and sophisticated investors. The transaction was over subscribed.