NTM Gold Limited (ASX:NTM) announced a private placement of 60,000,000 shares at a price of AUD 0.05 per share for gross proceeds of AUD 3,000,000 on November 1, 2019. The transaction will include participation from individual and sophisticated investors. The transaction will include participation from DGO Gold Limited for AUD 414,500 subject to shareholder approval. The transaction is expected to close on November 6, 2019.