Coreo AG (XTRA:CORE) announced a private placement of 1,594,580 shares at a price of €1.20 per share for gross proceeds of €1,913,496 on June 3, 2020. The transaction will include participation from ALEX SCHÜTZ FAMILIENSTIFTUNG. The shares is of no par value bearer shares with a nominal value of €1 per share. The transaction has been approved by the supervisory board of directors of the company. Post completion of the transaction, the company's shares will increase from 15,945,880 to 17,540,460.