Goyo Intex Co., Ltd. (JASDAQ:7519) announced a private placement of 20 number 2 unsecured convertible bonds at ¥5,000,000 per bond for ¥100,000,000 and 40 units number 2 pre-paid warrants at ¥56,100 per unit for ¥2,244,000, for total gross proceeds of ¥102,244,000 with Dream No. 7 Investment Limited Partnership, an entity of Modern Pass GK on April 25, 2014. The company also issued free 20 units of warrants with bonds. The bonds have face value of ¥100 per bond and are issued at premium. On conversion of bonds and free warrants, the investor will entitle the holder to purchase 934,560 shares. The conversion price of bonds is ¥107 per share. On exercise of number 2 warrants, the investor will entitle the holder to purchase 1,882,640 shares. The number 2 warrants will have exercise price of ¥116 per share. The conversion period of bonds and exercise period of warrants will start on April 26, 2014 and will end on April 25, 2016. The estimated net proceeds from the transaction will be ¥91,800,000, after deducting expenses of ¥8,200,000. The transaction happened through third party allocation. The transaction has been approved by board of directors of the company. Tokyo Financial Advisers advised the company on the transaction.

On April 25, 2014, Goyo Intex Co., Ltd. closed the transaction.