Dong-Ah Geological Engineering Company Ltd. (KOSE:A028100) announced a private placement of series 1 unregistered coupon unguaranteed private non-detachable convertible bond with warrants for gross proceeds of KRW 20,000,000,000 on June 14, 2019. The transaction will include participation from Dover Holdings Limited for KRW 19,110,000,000 and Rivendell Investment for KRW 890,000,000. The bonds are fully convertible into 925,754 shares at a fixed conversion price is KRW 21,604 per share. The conversion period will start on August 16, 2020 and end on August 15, 2025. The bonds carry a fixed coupon rate of 0.5% and yield to maturity of 1%, and will mature on August 16, 2025. The transaction is expected to close on August 16, 2019. The transaction has been approved by the board of directors of the company.