KinerjaPay Corp. (OTCPK:KPAY) announced that it has signed an agreement for a private placement of series F convertible preferred stock for proceeds of $100,000,000 and series G convertible preferred stock for proceeds of $100,000,000; for gross proceeds of $200,000,000 on January 7, 2019. The transaction will involve participation from PT. Investa Wahana Development (Wahana Group). The series F preferred stock bear a fixed dividend rate of 6% per annum and is convertible into shares of the company at an average of $1.80 per share. The series G preferred stock also pays a fixed dividend of 6% per annum and further provides for the company's right to force the conversion at a fixed conversion price of $1.80 per share, provided that the company's shares are trading at $3.50 per share or higher for a period of 20 days commencing six months after the date of issuance of the series G preferred stock. The transaction is expected to close within ten days.