RUNA Pty Ltd announced that it has signed a binding term sheet for private placement of 9,000,000 common shares at a price of AUD 0.20 per share for gross proceeds of AUD 1,800,000 on February 7, 2018. The transaction will include participation from new investor IOT Group Limited (ASX: IOT). The company will also issue 1,500,000 free-attaching performance options exercisable at AUD 0.25 each, and expiring on or before December 30, 2020. As part of the transaction, the investor will acquire 25% stake in the company.