Run-A Australia Pty Ltd announced that it has signed a term sheet to issue 3,000,000 fully paid ordinary shares at a price of AUD 0.20 per share for gross proceeds of AUD 600,000 with IOT Group Limited (ASX:IOT) on February 8, 2018. The company will also issue 1,500,000 free-attaching performance options exercisable at AUD 0.25 on or before 30 December 2020. The investor will pay a cash advance of AUD 50,000 upon execution of the term sheet and will provide the balance of AUD 200,000 in cash before 15 March 2018 and AUD 350,000 to be satisfied through the issue of fully paid ordinary shares at a deemed issue price equal to the 30-day volume weight average price per share immediately prior to the issue of the shares.