Morixe Hermanos S.A.C. e I. (BASE:MORI) announced a private placement of 20,000,000 common shares at a price of ARS 1 per share for gross proceeds of ARS 20,000,000 on September 30, 2013. The shares are to be issued at par. The transaction was approved by the shareholders of the company in the general meeting.

On November 25, 2015, the transaction has been signed, recorded, and authorized before Public Record of Commerce.

On September 29, 2016, the shareholders approved an increase in the amount of the transaction by up to ARS 5,000,000 through the issue of up to 25,000,000 common shares at a price of ARS 1 per share for gross proceeds of up to ARS 25,000,000.