Stonewall Resources Limited announced a private placement for the gross proceeds of AUD 3.126 million on July 30, 2021. The company entered into a subscription agreement with 2invest AG for a private placement of 11,904,763 common shares at a price of AUD 0.21 per share for gross proceeds of AUD 2,500,000. The company will also issue 9,788,097 options at exercisable at $0.40 on or before 30 September 2023, from which it will issue 5,952,382 to 2invest A and 9,788,097, options exercisable at $0.26 on or before 17 December 2021, rom which it will issue 5,952,382 to 2invest A. The transaction includes participation from various Australian and overseas sophisticated and professional investors. The company will receive funding in three tranche, in which it will receive AUD 2,500,000 by the issue of 4,761,906 shares 2,380,953 options exercisable at $0.26 on or before 17 December 2021 and 2,380,953 options exercisable at $0.40 on or before 30 September 2023 in its first tranche, it will issue 2,380,952 shares with 1,190,476 options exercisable at $0.26 on or before 17 December 2021 and 1,190,476 options exercisable at $0.40 on or before 30 September 2023 in its second tranche. The Tranche 2 Placement is conditional upon shareholder approval at the extraordinary general meeting and it will issue 4,761,906 shares with 2,380,953 options exercisable at $0.26 on or before 17 December 2021 and 2,380,953 options exercisable at $0.40 on or before 30 September 2023 SPP Underwriting. The SPP Underwriting is 3 conditional on the Company completing an SPP and upon shareholder approval at the extraordinary general meeting. The 7,671,430 shares and 3,835,715 options exercisable at $0.26 on or before 17 December 2021 will be issued pursuant to the Company’s placement capacity. The 3,835,715 options exercisable at $0.40 on or before 30 September 2023 is conditional upon shareholder approval at the extraordinary general meeting.