WR Entertainment ASA (OB:WRE-ME) announced a private placement of 14,666,667 common shares at NOK 0.30 per share for gross proceeds of NOK 4,400,000 from existing shareholders on May 14, 2018. Post closing, the company's treasury shares will increase to 3,595,825. The transaction is expected to close on May 22, 2018. The transaction will include participation from existing investors, Strategic Investor Group AS for 5,365,757 shares, Høyen Drift AS for 1,666,667 shares, and Erik Christoffersen for 450,000 shares for 5.94%, 6.75% and 0.65% post-closing respectively.