Kovrov Mechanical Plant OJSC (MICEX:KMEZ) announced a private placement of 89,109 common shares at a price of RUB 775 per share for gross proceeds of RUB 69,059,475 on January 24, 2014. The transaction will include participation from existing investor, OAO TVEL, OJSC United Company Separation-Sublimation Complex, OAO Machine-Building Plant, which will invest for 24,053 shares each for RUB 18,641,075 each and existing investor, OAO Engineering Center Russian Gas Centrifuge, which will invest for 16,950 shares for RUB 13,136,250. The board of the company approved the transaction.