Media Do Co., Ltd. (TSE:3678) announced private placement of 15th series 10,590 warrants at a price of ¥3,303 per warrant for gross proceeds of ¥ 34,978,770 on April 7, 2016. The transaction will include participation from FIBC Co., Ltd, investment vehicle of Yasushi Fujita. Each warrant is exercisable into 100 shares from April 26, 2016 to April 25, 2019.

The company will incur expenses of ¥600,000 related to the inspection of the recipient of the allotment, ¥1,500,000 for value calculation expenses, and ¥2,000,000 for other legal expenses, document creation expenses, and registration expenses. The application period, settlement date, and the allocation date for the warrants is April 25, 2016. The transaction has been approved by the board of directors of the company.