Advanced Media, Inc. (TSE:3773) announced a private placement of 43 units of 1st series unsecured convertible bonds at ¥35,000,000 per bonds and 90 units of 3rd series warrants at ¥476,000 per 3rd series warrants for total gross proceeds of ¥1,547,840,000 on May 10, 2013. The company will also issue 43 units of warrants for free with the bonds. The 1st series warrants are exercisable into 12,863 shares at an exercise price of ¥34,999,325.58 per warrant. The 3rd series warrants are exercisable into 25,200 shares, 280 shares per warrant, at an exercise price of ¥49,840,000 per warrant. The transaction has been approved by the board of directors of the company. The securities will be issued to Whiz Asia Evolution Fund, a fund managed by Whiz Partners Inc. The bonds will be issued at face value. The settlement date is May 27, 2013.

On May 27, 2013, Advanced Media, Inc. closed the transaction. The exercise price of free warrants will be ¥117,000 per share and of 3rd series warrants will be ¥178,000 per share. The exercise period of the free warrants and 3rd series warrants will be from May 27, 2013 to May 26, 2019. The bonds will mature on May 27, 2019. The company incurred ¥6,000,000 as issuance expenses including legal fees and expenses, ¥6,000,000 for warrant evaluation expenses, ¥2,000,000 for third party examination of antisocial forces relation expenses, ¥800,000 for securities registration statement creation expenses, and ¥14,000,000 to about ¥30,000,000 for change of registration expenses.