Jiransecurity Co., Ltd. (KOSDAQ:A208350) announced a private placement of 3,724,394 convertible preferred stock at a price of KRW 1,611 for gross proceeds of KRW 5,999,998,734 and 1st unregistered coupon private exchangeable bonds for gross proceeds of KRW 7,000,000,000 for aggregate gross proceeds of KRW 12,999,998,734 on July 19, 2017. The transaction will include participation from new investor, Premier Growth Strategy M&A Private Equity Fund, a fund managed by Premier Partners, LLC. The shares will be issued through a 3rd party allotment method. The preferred stock are fully convertible into 3,724,394 shares of the company at a conversion price of KRW 1,611 between the periods of August 23, 2017 to August 22, 2022. The shares are subject to a lock up period of 1 year. The bonds are fully convertible into 408,353 common shares of the company at a price of KRW 17,142 per share between the period starting September 3, 2017 and ending July 2, 2022. The bonds will mature on August 2, 2022. The expected payment and subscription date for the bonds is August 3, 2017. The transaction has been approved by the board of directors of the company.