Cofix Group Ltd (TASE:CFX) announced a private placement of 406,504 common shares at ILS 12.3 per share for gross proceeds of ILS 4,999,999.2 on June 8, 2017. The transaction will include participation from new investor, Epsilon Mutual Funds Management (1991) Ltd. The company will also issue 203,252 warrants in the transaction. The securities issued are subject to hold period of six months from the date of allotment. The transaction has been approved by the board of directors of the company. The allotment of the transaction is subject to the approval of the Tel-Aviv Stock Exchange to list the shares.