Yellow Brick Road Holdings Limited (ASX:YBR) announced a private placement of 40,000,000 shares at a price of AUD 0.06 per share for gross proceeds of AUD 2,400,000 on September 13, 2019. The transaction will include participation from affiliates of Magnetar Capital, LLC. The company will receive funding in two tranches, first tranche of 14,000,000 shares for AUD 840,000 within 5 business days and second tranche of 26,000,000 shares for AUD 1,560,000 conditional upon approval from Australian Treasurer. Post-completion of the transaction, the investor will acquire 12.33% stake in the company. The shares issued are subject to a hold period of 12 months from the date of issuance.