IDEA International Co., Ltd. announced that it has received ¥13.38 million in funding from Milestone Capital Management Co., Ltd.
December 07, 2014 at 11:00 pm EST
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IDEA International Co., Ltd. (JASDAQ:3140) announced a private placement of 189 units of 1st series warrants at ¥70,799 per warrant for gross proceeds of ¥13,381,011 on November 21, 2014. The agreement will take place through third party allotment. The transaction will include participation from Milestone Capital Management Co., Ltd. Each warrant can be exercised into 2,000 shares of company's common stock at an exercise price of ¥1,616 per share from December 8, 2014 to December 7, 2016, if December 7, 2016 does not fall on a banking day, the previous banking day will be the maturity date. The company announced that the transaction has been approved by its board of directors. The transaction is expected to close on December 8, 2014. The company will incur expenses for warrant evaluation, for registration related expenses, and for other expenses like commission fee for share handling, and external investigation expenses.
On December 8, 2014, IDEA International Co., Ltd. closed the transaction.
Bruno Inc, formerly Idea International Co Ltd, plans, develops, and sells original products related to living-related lifestyle products such as interior goods, travel goods, and cosmetics, sells select brand products and others. For original brand products, the Company plans and develops products in collaboration with designers, and for select brand products, the Company purchases products from domestic and overseas brand holders. Sales channels mainly include wholesale to specialty stores such as interior shops, sales to corporations that carry out sales promotion, sales through distributors, retail by directly managed stores, and Internet sales through in-house electronic commerce sites. The directly managed stores provides products in five styles.
BRUNO,INC. 
