Panatlantica S.A. announced that it expects to receive BRL 3.16 million in funding.

Panatlantica S.A. (BOVESPA:PATI4) announced a private placement of 182,029 common shares and 6,866 preferred shares for gross proceeds of BRL 3,160,247.78 on May 22, 2012. The company has received approval in extraordinary general meeting.