Vindico Group AB (publ) (XSAT:VSEC) announced a private placement of 653,846 common shares at a price of SEK 1.30 per share with Fore C Investment Holding Ab for gross proceeds of SEK 849,999.80 on September 30, 2016. The company will also issue 700,000 warrants in the transaction, exercisable at a price of SEK 2.70 per share for a period of two years.