YPB Group Limited (ASX:YPB) announced a private placement for gross proceeds of AUD 5,000,000 on January 22, 2018. The transaction will include participation from sophisticated and institutional investors. The transaction will takes place be in two tranches. On the same date, the company has issued 83,977,390 fully paid ordinary shares at a price of AUD 0.04557 for gross proceeds of AUD 3,826,850 in its first tranche. First tranche has been approved by the shareholders on November 27, 2017. Each share has 0.3307 of a free attaching 12 month option with an exercise price of AUD 0.001. The option issue is subject to shareholder approval. Tranche 1 shares and options total approximately 109,300,000. Tranche 2 shares total approximately 34,600,000 and will have an issue price of AUD 0.035. Following approval of and conversion of the options and issuance of the tranche 2 shares the average placement price will be AUD 0.035 and a total of approximately 143,900,000 shares will have been issued. Second tranche is subject to shareholder approval at an EGM at the earliest possible date. The transaction is expected to close on March 2, 2018.