EBIOSS Energy AD (CATS:EBI) announced that it has entered into an agreement for a private placement of up to 34,336,047 common shares at BGN 3.52 per share for gross proceeds of up to BGN 120,862,885.44 on November 5, 2015. The round will see participation from certain strategic investors. The board of directors of the company approved the transaction.

The round will exclude preferential subscription rights by the investors.