Algomizer, Ltd. (TASE:ALMO) announced that it has entered into an investment agreement for private placement of up to 2,000,000 common shares at a price of ILS 5 per share for gross proceeds of up to ILS 10,000,000 on June 28, 2017. The company will also issue unlisted warrants in the transaction. Each warrant entitles the holder to acquire one additional common share at ILS 6.5 per share for a period of three years. The transaction has been approved by the board of directors.