MRG Metals Ltd (ASX:MRQ) announced a private placement of 6,000,000 shares at a price of AUD 0.005 per share for gross proceeds of AUD 30,000 on February 9, 2018. The company will also issue 6,000,000 options exercisable at a price of AUD 0.01 per share and expiring on December 20, 2020. The transaction will include participation from Andrew Van Der Zwan for 4,000,000 shares and Shane Turner for 2,000,000 shares. The transaction has been approved at its general meeting.