Village Vanguard CO.,LTD. (JASDAQ:2769) announced a private placement of 7,400 series 1 warrants at ¥1,380 per warrant for gross proceeds of ¥10,212,000 on July 21, 2016. The transaction will include participation from Credit Suisse Securities (Japan) Limited, Investment Arm. The warrants are exercisable at ¥1,194 for maximum of 740,000 shares. The warrants are exercisable from August 9, 2016 to August 8, 2018. The company will issue warrants through third party allocation method. The transaction has been approved by the board of directors of the company. The company expects to close the transaction on August 8, 2016. The company will pay various expenses such as legal or warrant evaluation fees, and other clerical expenses.