Yamashin-Filter Corp. (TSE:6240) announced a private placement of 70,000 4th series warrants at a price of ¥291 per warrant for gross proceeds of ¥20,370,000 on December 26, 2017. The transaction will involve participation from Nomura Securities Co. Ltd., Investment Arm. The warrants will be issued by a way of third party allotment. The warrants will have an exercise price of ¥1,446 per warrant. The warrants will be convertible into common shares between January 15, 2018 and January 15, 2021. The transaction has been approved by the board of directors of the company.