Silver Heritage Group Limited (ASX:SVH) announced a private placement of 53,000,795 shares at an issue price of AUD 0.01 per share for gross proceeds of AUD 530,008 on December 15, 2020. The transaction will include participation from Hatch Australia Holdings Pty Ltd for 51,327,085 shares and and a secured creditors for 1,673,710 shares. The transaction has been approved by the shareholders of the company. The transaction is expected to close on January 20, 2021.