Servicios de Empresas Mortuorias Pontevedresas SA announced a private placement of 1,283,662 common shares at €1 per share and 20,000 common shares at €10 per share for gross proceeds of €1,483,662 on November 26, 2012. The company will issue 1,283,662 shares to existing investor, Funespaña, S.A. in first tranche and issue remaining shares later. The transcation has been approved extraordinary general meeting, universal general meeting, and board of directors of the company.