Elkop Spólka Akcyjna (WSE:EKP) announced a private placement of 38,500,000 series B shares at a price of PLN 0.70 per share for gross proceeds of PLN 26,950,000 on April 4, 2017. The share capital of the company will increase to PLN 68,950,000. The transaction has been approved by the board of directors of the company.