Tikforce Limited (ASX:TKF) announced a private placement of 10,000,000 shares at AUD 0.015 per share for gross proceeds of AUD 150,000 on January 11, 2018. The transaction will include participation from sophisticated and professional investors. The company will also issue one free attaching option for each placement share, exercisable at AUD 0.03 per share on or before October 31, 2020.