ASRR Capital Ltd (TASE: ASRR) announced a private placement of 222,222 shares at ILS 9 per share for gross proceeds of ILS 1,999,998 on May 25, 2017. The allocated shares shall constitute, right after their allotment, about 0.87% of the issued and paid up capital of the company. The transaction requires the Tel Aviv Stock Exchange’s approval for the listing of the shares. The shares will be allotted shortly after receipt of the Stock Exchange's approval. The shares have a hold period of six months.