Sun Metals Holdings Limited announced a private placement of 409,901,637 units of common shares at a price of KRW 924.997037 per share for gross proceeds of KRW 379,157,800,000 through cash acquisition on April 8, 2022. The transaction includes participation from returning investor Korea Zinc Company, Ltd to retain 100% stake in the company. The transaction is approved by the board of directors of the investor.