Blaze International Limited (ASX:BLZ) announced a private placement of 19,051,990 common shares at a price of AUD 0.03 per share for gross proceeds of AUD 571,560 and 12,701,326 common shares at a price of AUD 0.08 per share for gross proceeds of AUD 1,016,106, total gross proceeds of AUD 1,587,666 on January 19, 2018. The company will also issue 31,753,316 options in the transaction, subject to shareholder approval.