CT Telesis Investments Inc. announced a private placement of common shares for gross proceeds of $49,932,000 on September 21, 2018. The transaction will involve participation from existing investor, Tokyo Century Corporation (TSE:8439). Post-closing of the transaction, the investor will retain its stake of 100% in the company. Post-closing of the transaction, the capital of the company will increase from $38,200,000 to $88,132,000. The transaction is expected to close in October 2018.