Gabetti Property Solutions (BIT:GAB) announced a private placement of common shares and a convertible bond for gross proceeds of €30,000,000 on February 17, 2014. The company will issue common shares for gross proceeds of €20,000,000 and a bond for gross proceeds of €10,000,000. The round will see participation from lending banks.

On February 25, 2014, Gabetti Property Solutions closed the transaction. The company has received €19,999,999.93 through the issuance of 682,593,851 shares at €0.0293 per share.