Caeneus Minerals Ltd (ASX:CAD) announced a private placement of 1,049,431,085 fully paid ordinary shares at AUD 0.001 per share for gross proceeds of AUD 1,049,431.09 on January 10, 2017. The round will include participation from sophisticated and institutional investors. The company will also issue one for one free options exercisable at AUD 0.003 expiring on or before December 31, 2020. The transaction is expected to close within a few business days. No underwriting agreements or other fees or costs will be paid pursuant to the transaction.