Casta Diva Group S.p.A. (BIT:CDG) announced that it has signed an investment agreement for private placement of 450 convertible bonds at €9,500 per bond for gross proceeds of €4,275,000 on June 28, 2017. The transaction will include participation from Bracknor Investment Group. The company will also issue warrants in the transaction. The company will receive funding in 14 tranches. The company will issue 40 bonds in first four tranches and 29 bonds in the remaining ten tranches. The company will issue bonds at 95% of the nominal value of each bond which is €10,000. Each warrant entitles the holder to acquire one common share of the company. The warrants are exercisable at €5,000 equivalent to 50% of the nominal value of the bonds. The bonds are non-interest bearing and carry maturity date of 12 months. The issuance period is set for 36 months from the issue of the first tranche. The company will pay commission of €130,000 to the investor in form of additional bonds with warrants.