Curexo Inc. (KOSDAQ:A060280) announced a private placement of unregistered interest-free unguaranteed private convertible bonds for gross proceeds of KRW 400,000,000 on September 24, 2019. The bonds do not carry any coupon. The bonds are issued at 3% yield to maturity rate and will mature on September 30, 2022. The transaction will include participation from Sung Lee for KRW 100,000,000. Jongguen Seon for KRW 100,000,000, Genugnym Kim for KRW 50,000,000, Insoo Oh for KRW 50,000,000, Jaecheol Lee for KRW 50,000,000, and Yongchan Ha for KRW 50,000,000. The bonds are 100% convertible into 64,143 common shares at a price of KRW 6,236 per share. The conversion period of the bonds is from September 30, 2022 to August 30, 2022. The transaction is expected to close on September 30, 2019. The transaction has been approved by the board of directors of the company.