BKM Management Ltd. (ASX:BKM) announced a private placement of 220,000,000 common shares at AUD 0.003 per share for gross proceeds of AUD 660,000 on January 21, 2014. The transaction included participation from new investor, SB Holding Pte Ltd., which purchased 110,000,000 shares for AUD 330,000; and professional and sophisticated investors which purchased 110,000,000 shares for AUD 330,000.


On January 21, 2014, BKM Management Ltd. closed the transaction.