Gamma Nu Inc. (KOSDAQ:A192410) announced a private placement of 1st unregistered coupon unguaranteed private placement non-detachable bonds with stock warrants for gross proceeds of KRW 10,000,000,000 and 1,249,375 common shares at a price of KRW 8,004 for gross proceeds of KRW 9,999,997,500 on June 12, 2017. The transaction will involve participation from new investor Primer One Co., Ltd., which will invest in the bonds, and returning investor, SMV Co., Ltd, which will invest in shares. The shares will be issued through third party allotment. The bonds will not carry any coupon rate and will have a yield to maturity rate of 2.5%. The bonds will mature on August 21, 2020. The warrants will be exercisable into 1,111,111 shares at an exercise price of KRW 9000 from August 21, 2018 to August 20, 2020. The payment date for the issue of bonds is August 21, 2017 and for the issue of shares is September 6, 2017. The shares will be subject to a lock up of one year. The transaction was approved by the board of directors of the company. On August 7, 2017, the company announced that the payment date has been changed to August 30, 2017.