Sundance Resources Limited (ASX:SDL) announced a private placement of 55,000,000 shares at a price of AUD 0.004 per share for gross proceeds of AUD 220,000 on January 2, 2019. The transaction included participation from returning investor AustSino Resources Group Limited (DB:GHJ) for 30,000,000 shares and Sea Honour Limited for 25,000,000 shares. The company will also issue 60,000,000 bonus options for AustSino Resources Group Limited (DB:GHJ) and 50,000,000 bonus options for Sea Honour Limited, 2 options per share issued, at an exercise price of AUD 0.006; the options will lapse 5 years after issue.