BLIRT S.A. (WSE:BLR) announced a private placement of 951,517 series N shares at PLN 0.88 per share for gross proceeds of PLN 837,334.96 on February 22, 2018. The shares carry a par value of PLN 0.1 each and will be issued at a premium. The transaction will include participation from existing investor, N50 Cyprus Limited. The transaction will take between February 22, 2018 and March 9, 2018. On closing, the capital of the company will increase from PLN 1,213,387.40 to the amount of PLN 1,308,539.10. The transaction was approved by the management board of the company.