LumX Group Limited (SWX:LUMX) announced a private placement transaction on July 31, 2016. On same date, The company issued 20,655,683 shares at a price of CHF 0.34 per share for gross proceeds of 7,022,932 its first tranche. This included 4,959,213 shares to existing investors and 15,696,470 shares to third party investors.