Barunson Co.,Ltd. (KOSDAQ:A018700) announced a private placement of 2,513,465 shares at a price of KRW 2,785 per share for gross proceeds of KRW 7,000,000,025 and 31st round unregistered unguaranteed private convertible bonds for gross proceeds of KRW 1,000,000,000, for aggregate gross proceeds of KRW 8,000,000,025 on June 29, 2018. The transaction will include participation from existing investor Barunson E&A Corporation (KOSDAQ:A035620). The shares were issued at a premium of KRW 1,785 per share.

The securities issued in the transaction is subject to a one year hold period. The bonds will be issued to BTC Korea.Com Co., Ltd. The maturity date of bonds is July 9, 2021 and the conversion period is from July 9, 2019 to July 9, 2021. The bonds were issued at a conversion rate of 100% and conversion price of KRW 2885.

The transaction has been approved by the board of directors of the investor. The company will issue securities through third party allotment.