RE:Private Placement 1.5 million did not close per News ReleThe NR from June 13th states "up to" both in the $ (1.5 million) and no. of shares (75 million). Therefore they have not mislead anyone. They also said in the NR that the private placement would close around June 27th or other dates as determined by the company. So again they mislead no one.
The fact they said "first tranche" in their recent update suggests (implies) they would like (hope) the whole private placement to be closed at some point in time. For now it is still open.