YG-1 Co., Ltd. (KOSDAQ:A019210) announced a private placement of 2,700,000 redeemable convertible No. 5 preferred shares at KRW 10,250 per share for gross proceeds of KRW 27,675,000,000 on April 6, 2015. The shares have a face value of KRW 500 each and will be issued at a premium.

The transaction will include participation from a new investor, JKL Growth Champ 2011-1 PEF. The transaction will take place through third party allocation. The payment date for the transaction is April 15, 2015.

The transaction has been approved by the board of directors of the company. The shares issued will be subject to a hold period of one year.