CanBas Co., Ltd. (TSE:4575) announced a private placement of 11,000 series 10 prepaid warrants with Merrill Lynch Japan Securities Co., Ltd., Investment Arm at ¥650 per warrant for gross proceeds of ¥7,150,000 on June 22, 2015. The warrants will be exercisable into common shares at ¥1,160 per share. The company will issue warrants through a process of third-party allocation.

Plutus Consulting Co., Ltd. provided evaluation for the price of the warrants. The application period is on July 8, 2015. The payment date is on July 9, 2015.

The warrants will be exercisable from July 10, 2015 to July 10, 2017.