IOT Group Limited announced that it expects to receive AUD 0.29 million in funding

IOT Group Limited (ASX:IOT) announced a private placement of 15,555,556 at a price of AUD 0.009 and 17,647,059 shares at a price of AUD 0.0085for gross proceeds of AUD 290,000 on December 20, 2017. On the same day the company issued 15,555,556 at a price of AUD 0.009 for proceeds of AUD 140,000 in its first tranche closing.