High Peak Royalties Limited announced a private placement of 20,000,000 common shares at a price of AUD 0.04000 per share for gross proceeds of AUD 800,000 on September 27, 2021. The transaction included participation from existing sophisticated shareholders but majority of placement applications are from new professional and sophisticated investors. The directors or entities related to directors have committed to subscribe for 2,750,000 shares at the same issue price of AUD 0.04 for a total of AUD 110,000. The transaction is expected to close on October 4, 2021.