GeneOne Life Science, Inc. (KOSE:A011000) announced a private placement of 735,661 shares at a price of KRW 4,010 per share for gross proceeds of KRW 2,950,000,610 on July 1, 2019. The transaction will include participation from Younggeun Park for 623,441 shares, Byungmoon Cho for 74,813 shares, Jeono Lee for 24,938 shares, and Sungho Choi for 12,469 shares through third party allotment. The shares are subject to lock up of 1 year. The number of shares will increase from 21,190,496 shares to 21,926,157 shares. The expected payment date is July 8, 2019. The transaction has been approved by the board of directors of the company.