Elma Holdings Public Company Ltd (CSE:ELMA) announced that it will receive an equity round of funding from returning investor Lemeco Investments Ltd on April 18, 2017. The company will issue 42,640,933 shares at a price of €0.09 per share for gross proceeds of €3,837,684. The transaction has been approved by the board of directors. The transaction is subject to the approval the Extraordinary General Meeting to be held on May 25, 2017.