ESMO Materials Corporation (KOSDAQ:A087730) announced a private placement of 8th series bearer-owned interest-free private equity convertible bond for gross proceeds of KRW 1,076,540,000 on February 18, 2020. The transaction will include participation from NNF Co., Ltd.. The bonds will be issued at 1% interest rate, and will mature on February 21, 2023. The bonds can be 100% converted into 1,410,930 common shares for a 2.81% stake in the company at a fixed conversion price of KRW 763 per share. The conversion period is from February 21, 2021 to January 31, 2023. The transaction has been approved by the board of directors of the company. The transaction is expected to close on February 21, 2020.