G Enone Energy Co., Ltd. announced a private placement of 2nd series non-guaranteed private equity convertible bonds for gross proceeds of KRW 29,000,000,000 and 3rd series unregistered coupon non-guaranteed private bond with warrant for gross proceeds of KRW 11,000,000,000 and 6,200,000 common shares at a price of KRW 4,380 per share for the gross proceeds of KRW 27,156,000,000; for an aggregate gross proceeds of KRW 67,156,000,000 on June 16, 2021. The transaction will include participation from new investor, Global K Co., Ltd. The bonds are issued at 3% surface interest rate, 3% maturity rate and will mature on September 14, 2026. The 2nd series bonds will be fully convertible into 5,918,367 shares of the company representing 15.94% stake of the company at a price of KRW 4,900 per share. The 3rd series bonds will be 100% converted into 2,244,897 common shares representing 6.71% stake of the company at a fixed conversion price of KRW 4,900 per share. The conversion period is from September 14, 2022 to August 14, 2026. The transaction has been approved by the board of directors of the company. The subscription date is June 18, 2021 and the payment date is September 14, 2021. The securities issued are subjected to one year hold period. On June 29, 2021, the company announced that the conversion price of is now KRW 4,895 and 2nd series bonds will be fully convertible into 5,924,412 shares representing 15.95% stake of the company and 3rd series bond will be fully convertible into 2,247,191 shares representing 6.72% stake of the company.