Asaplus Resources Limited (ASX:AJY) announced a private placement of 25,000,000 chess depositary interests at a price of AUD 0.09795 for gross proceeds of AUD 2,448,750 and 7,100,000 chess depository interest at AUD 0.12 for gross proceeds of AUD 852,000 to Lau Eng Foo; director of the company on June 9, 2018. The company will issue subscription shares in two tranches in the transaction. The transaction was approved by the directors of the company in the Extraordinary General Meeting held on the same day.