YJM Games Co., Ltd. (KOSDAQ:A193250) announced a private placement of 1st unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 25,000,000,000 on July 27, 2017. The transaction include participation from investors, KDB Capital Corp. for KRW 3,000,000,000, Shinhan Capital Co., Ltd. for KRW 3,000,000,000, Infinity Investment Advisory Co.,Ltd. for KRW 1,000,000,000, HisStory Investment Management for KRW 1,000,000,000, DB Financial Investment Co.,Ltd. (KOSE:A016610) for KRW 3,000,000,000, Pureun Lambda Mezzanine Hedge Fund 1 for KRW 5,000,000,000, Rhinos Global Mezzanine Multi-Strategy Hedge Fund 1 for KRW 1,000,000,000, SP Public Stock Plus Hedge Fund 1 for KRW 2,000,000,000, Ace New Technology Fund 2 for KRW 1,000,000,000, and Ace Susung New Technology Fund 2 for KRW 1,000,000,000.

The bonds will be 100% convertible into 7,496,251 common shares at a conversion price of KRW 3,335 from July 31, 2018 to June 30, 2022. The bonds will have 0.5% rate and yield to maturity of 2.5%. The bonds will mature on July 31, 2022.

The subscription date and payment date is July 31, 2017. The transaction has been approved by the board of directors of the company.