Opal Balance Investments Ltd (TASE:OPAL) announced a private placement of 8,891,903 common shares at the price of ILS 3.04772 per share for gross proceeds of ILS 27,100,031 on April 1, 2019. The transaction represents 10% of the share capital of the company and no par value. The issued shares shall be subject to a 6 month hold period. The transaction has been decided by the board of directors of the company.