Advanced Media, Inc. (TSE:3773) announced a private placement of 43 units of 1st series unsecured convertible bonds at ¥35,000,000 per bonds and 90 units of 3rd series warrants at ¥476,000 per 3rd series warrants for total gross proceeds of ¥1,547,840,000 on May 10, 2013. The company will also issue 43 units of warrants for free with the bonds. The 1st series warrants are exercisable into 12,863 shares at an exercise price of ¥34,999,325.58 per warrant.

The 3rd series warrants are exercisable into 25,200 shares, 280 shares per warrant, at an exercise price of ¥49,840,000 per warrant. The transaction has been approved by the board of directors of the company. The securities will be issued to Whiz Asia Evolution Fund, a fund managed by Whiz Partners Inc. The bonds will be issued at face value.

The settlement date is May 27, 2013.