Cassandra Oil AB (publ) (OM:CASO) announced a private placement of 3,000,000 common shares at a price of SEK 5.50 per share for gross proceeds of SEK 16,500,000 on September 23, 2015. The shares were issued at discount. The transaction included participation from a group of small investors consisting of new investor Mats Gabrielsson and existing investor Johan Thorell.

The board of directors of the company approved the transaction.