Symbol Mining Limited (ASX:SL1) announced an agreement for a private placement of 144,260,000 common shares at AUD 0.0125 per share for gross proceeds of AUD 1,803,250 on March 20, 2019. The transaction will include participation from sophisticated and professional investors. Current and former directors of the company will subscribe shares for AUD 110,000 in the transaction post shareholder approval at a general meeting to be held in late April or May 2019. The company is expected to receive funds by March 25, 2019 or as extended by agreement.