Ord River Resources Limited (ASX:ORD) announced a private placement of 11,363,636 common shares at AUD 0.022 per share for gross proceeds of AUD 250,000 on July 2, 2012. The company will issue the shares to sophisticated investors and high net worth individuals in three tranches. The company will issue 3,787,879 shares on July 16, 2012, 3,787,879 shares on September 30, 2012, and 3,787,878 shares on December 31, 2012 respectively.

On July 16, 2012, the company closed the first tranche of the transaction. The company issued 3,787,879 shares for gross proceeds of AUD 83,333.

On October 2, 2012, the company closed the second tranche. The company issued 3,787,879 shares for gross proceeds of AUD 83,333.

On January 11, 2013, Ord River Resources Limited closed the transaction. The company issued 1,515,152 shares in the third tranche raising AUD 200,000 in total in this transaction.