GNCO Co., Ltd. (KOSDAQ:A065060) announced a private placement of 18,181,000 common shares at KRW 1,980 per share for gross proceeds of KRW 35,998,380,000 on July 14, 2017. The transaction includes participation of returning investor, CUROCOM.Co.Ltd. (KOSDAQ:A040350) for 18,181,000 shares. The shares will be subsequently listed on the Korean Stock exchange on July 31, 2017.

The payment date is July 14, 2017. The transaction got approval from board of directors on July 14, 2017. This issuance is pursuant to 1 year lock-up period.

The transaction is pursuant to third party allotment.