8common Limited (ASX:8CO) announced a private placement of 10,000,000 common shares at a price of AUD 0.03 per share for gross proceeds of AUD 300,000 on January 15, 2018. The transaction will take place in tranches. On the same day, the company issued 8,000,000 common shares for gross proceeds of AUD 240,000 in its first tranche close.