POLUS BioPharm Inc. (KOSE:A007630) announced a private placement of 165,899 common share at a price of KRW 10,850 per share for gross proceeds of 1,800,004,150 on May 21, 2018. The shares have a face value of KRW 500 per share. The transaction will include participation from Kim, Jongsun for 69,437 shares, Kang, Kyuwon for 26,353 shares, Kang, Chaewon for 25,316 shares, Han, Kyungsik for 16,590 shares, Chan, Michael Puksiu for 16,590 shares, and Han, Jaehwan for 11,613 shares. The shares are issued through the third party allotment method. Upon completion of the transaction, the number of shares will increase from 31,469,066 shares to 31,634,965 shares. The payment date for the transaction is May 29, 2018 and delivery date of new share certificates is June 14, 2018.