Blue Tax Group Sa (WSE:BTG) announced a private placement of 40,000,000 common shares at PLN 0.02 per share for gross proceeds of PLN 800,000 on October 21, 2013. The company will issue 20,000,000 shares of E series and F series each.

On October 31, 2013, Blue Tax Group Sa closed the transaction. The transaction included participation from a majority shareholder.