Identitii (ASX:ID8) has issued 45 million fully paid ordinary shares at AU$0.009 each under its placement capacity, raising AU$405,000 as part settlement of an AU$800,000 interest-free, unsecured loan from Beauvais Capital, according to a Wednesday filing with the Australian bourse.

The shares were issued to Arnott Park Investments, acting as nominee for Beauvais Capital, per the filing.

Cameron Beavis and related entities now hold 29.92% of the company's issued capital, representing a 1.08% increase over six months and remaining within the 3% "creep" limit under the Corporations Act, the filing added.