Jadar Resources Limited announced a private placement of ?116,700,000? common shares at a price of AUD 0.03 per share for gross proceeds of AUD ?3,501,000? on August 19, 2021. The company will also issue ?58,500,000? listed options, which is one attaching listed option for every two shares subscribed for, with an exercise price of AUD 0.045 per share and an expiry date of August 31, 2024. The transaction will include participation from sophisticated and institutional investors. The company will raise funding in two tranches. The company will issue 58,333,333 shares and 29,166,666 options in tranche one and tranche two each. The second tranche requires shareholder’s approval to be obtained at a general meeting to be held on or about October 25, 2021. The company will pay fees of total 6% of gross proceeds raised and 25,000,000 options in the transaction.