Baek Geum Philippines Corp announce a private placement of 1,018,726 common shares at KRW 2,512 per share for a gross proceeds of KRW 2,559,039,712 on June 21, 2016. The transaction involves the participation of BG T&A Co., Ltd (KOSDAQ:A046310). The expected closing date is June 22, 2016. The shares are issue through third party allotment method.