Fantagio Corp. (KOSDAQ:A032800) announced a private placement of 22,775,800 common shares at a price of KRW 1,405 per share for the gross proceeds of KRW 31,999,999,000 with Gold-Finance Korea Ltd on July 12, 2017. The shares issued have a face value of KRW 500 per share. The shares issued have a lock up period of one year from August 31, 2017 to August 30, 2018. The shares will be issued by way of third party allotment. The transaction has been approved by the board of the company. The subscription date is August 16, 2017 and the payment date is August 17, 2017.