Enerji Ltd (ASX:ERJ) announced a private placement of 87,565,384 shares at AUD 0.013 per share for gross proceeds of AUD 1,138,350 on June 13, 2012. The company will also issue 1 attaching option for every 2 shares purchased.

On June 14, 2012, the company issued 22,200,000 shares for gross proceeds of AUD 288,600. The company also issued 11,100,000 options. The options are exercisable at a price of AUD 0.03 and will expire on June 30, 2015.

On June 20, 2012, the company issued 36,473,077 shares for gross proceeds of AUD 474,150. The company also issued 18,236,538 options with an exercise price of AUD 0.03 expiring on June 30, 2015.

On June 25, 2012, the company issued 36,384,615 shares for gross proceeds of AUD 473,000 in the third and final tranche. The company also issued 22,692,308 options with an exercise price of AUD 0.03 expiring on June 30, 2015. The company raised a total of AUD 1,235,750 in the transaction.

On July 5, 2012, the company issued 12,688,462 shares for gross proceeds of AUD 164,950 and 575,000 options in its fourth tranche.

On July 10, 2012, the company issued 1,550,000 shares for gross proceeds of AUD 20,150 and 775,000 options in this tranche. The company has raised a total of AUD 1,420,850 in the transaction.

On July 25, 2012, the company issued additional 25,961,538 shares at AUD 0.011 per share for AUD 285,576.918 and additional 3,173,077 options at the similar terms. The company has raised a total of AUD 1,706,426.918 in funding till date.

On August 8, 2012, the company issued additional 48,250,000 shares at AUD 0.009 per share for AUD 434,250 and additional 5,000,000 options at the similar terms. The company has raised a total of AUD 2,140,676.918 in funding till date.

On August 21, 2012, Enerji Ltd closed the transaction. The company issued another 48,250,000 common shares at AUD 0.009 per share and 5,000,000 listed options on same terms for AUD 434,250. The company has received AUD 2,574,926.92 till date.