Patent Fund S.A. (WSE:PFD) announced a private placement of not more than 1,000,000 series H shares at a price of PLN 0.10 per share for gross proceeds of not more than PLN 100,000 on June 30, 2017. The shares will be issued without pre-emptive rights. The shares will be issued at par. The transaction has been approved by the board of directors of the company.