Gas2Grid Limited (ASX:GGX) announced a private placement of up to 400,000,000 shares on November 27, 2020. The company will issue shares at a price per share that is at least 80% of the volume weighted average market price for the share calculated over the last 5 days on which sales in the shares were recorded before the day on which the issue is made. The transaction has been approved by the shareholders of the company at its annual general meeting. The transaction will include participation from professional and sophisticated investors and other investors.