Fachowcy.pl Ventures S.A. (WSE:FAV) announced that it has entered into agreements for a private placement of 10,000,000 series H shares at PLN 0.10 per share for gross proceeds of PLN 1,000,000 on January 20, 2016. The transaction will be carried out without the pre-emptive rights of the existing shareholders. The transaction has been approved by the supervisory board of the company.

The transaction is expected to be completed by January 31, 2016.