Fantagio Corp. (KOSDAQ:A032800) announced a private placement of 24,509,804 common shares at an issue price of KRW 816 per share for gross proceeds of KRW 20,000,000,000 on April 21, 2020. The transaction will involve participation from Y&G Company Co., Ltd. and I-Star Global Co., Ltd. for 12,254,902 shares each. The shares have face value of KRW 500. The shares are issued at a premium of 10%. The shares issued in the transaction will have a hold period of 12 months from the date of issuance. The company will issue shares through third-party allotment method. Post the closing, the total number of shares issued by the company will increase from 72,703,943 shares to 97,213,747 shares. The payment date is June 30, 2020. The transaction has been approved by the board of directors of the company.