Crossject Société Anonyme (ENXTPA:ALCJ) announced a private placement of convertible bonds for gross proceeds of €2,300,000 on July 12, 2018. The transaction involved participation from several European investors including Gemmes Venture SA for €800,000. The bonds are issued at 92% of principal value of €2,500,000 and do not bear any interest. The bonds have a maturity of two years. The conversion price will depend on the share price at the time of conversion.