Crossject Société Anonyme (ENXTPA:ALCJ) announced an equity line private placement of 1,200,000 common shares on May 4, 2016. The company will issue shares to the investor during a 24 months period. The price per share will be equal to the weighted average price of the share before each tranche decreased by a maximum rebate of 7%. The company has a right to suspend or terminate the transaction at any time.