Black Pearl S.A. (WSE:BPC) announced a private placement of 30,000,000 common shares at a price of PLN 0.10 per share for gross proceeds of PLN 3,000,000 on December 4, 2017. The transaction will involve participation from new investors, Gt Poland Sp Z O O. The company will issue series G shares in the transaction. The transaction is subject to approval from the shareholders of the company.