Monteiro Aranha Participacoes Imobiliarias S/A announced that it has received BRL 0.03 million in funding from Monteiro Aranha S.A.

Monteiro Aranha Participacoes Imobiliarias S/A announced a private placement of 12,413,185 common shares at a price of BRL 0.00213 for gross proceeds of BRL 26,500 on August 29, 2016. The transaction included participation from the new investor Monteiro Aranha S.A. (BOVESPA:MOAR3). The transaction has been approved by the board of directors.