O2i Société Anonyme (ENXTPA:ALODI) announced a private placement of 227,272 common shares at 2.20 per share for gross proceeds of 499,998.4 on December 19, 2014. The transaction will involve participation from two new individual investors. The shares being issued carry a par value of 0.50 per share.
The registered capital of the company will increase by 113,636 upon completion of the transaction. On the same date, the transaction was approved by the board of directors of the company.