GOC Co., Ltd. (XKON:A135160) announced a private placement of 9th series registered private convertible bond for gross proceeds of KRW 4,000,000,500 on August 8, 2018. The transaction will include participation from new investor Smilegate Investment, Inc. as operation manager of Smilegate Agriculture Product Fund No. 1. The bonds carry zero coupon and yield to maturity of 5%. The bonds are issued at par. The bonds are fully convertible into shares from August 9, 2019 to August 8, 2023 at a fixed conversion price of KRW 4,500 per share. The maturity date of bonds is August 8, 2023. The company will issue 888,889 shares upon conversion of bonds. The transaction has been approved by the board of directors of the company. The subscription date is August 8, 2018 and payment date is August 9, 2018.