Field Solutions Holdings Limited announced that it has completed a private placement of 121,212,122 common shares at a price of AUD 0.165 for the gross proceeds of AUD 20 million from new and existing institutional and sophisticated investors on September 30, 2021. The shares issued under the Placement using the Company’s Listing Rule 7.1 (78,472,768 shares) and 7.1A (55,648,512 shares) capacity, , which represents a 3.1% discount to the 15-day volume weighted average price (“VWAP”) of AUD 1.70 as at 28 September 2021.