Anterogen Co.,Ltd. (KOSDAQ:A065660) announced a private placement of 490,196 common shares at a price of KRW 20,400 per share for gross proceeds of KRW 9,999,998,400 on April 25, 2017. The transaction included participation from new investor EM-Tech. Co., Ltd. The shares will be issued at a premium.

Post the closing of the transaction the shares will increase from 7,463,435 to 7,953,631. The shares were issued through a third party allotment method. The payment date of the transaction is April 27, 2017.

The securities being issued are subject to a lock up period of 3 years. Post the closing of the transaction the investor will hold 6.16% stake in the company. The transaction has been approved by the board of directors of the company.