Sumatra Copper & Gold plc announced a private placement of 150,530,591 CHESS Depositary Interests at AUD 0.023 per interest to professional and sophisticated investors for gross proceeds of AUD 3,462,203.593 on January 27, 2017. The round will included participation from its major shareholders for AUD 3,3600,000. The transaction is expected to be closed on January 30, 2017.