EAT&Co., Ltd. (TSE:2882) announced a private placement of 45,000 shares at ¥2,102 per share for gross proceeds of ¥94,590,000 on July 22, 2015. The transaction will include participation from Kirin Brewery Co., Ltd. The company will issue the shares via third party allotment. The transaction is expected to close on August 7, 2015.

The company expects to incur ¥331,000 as issue costs in the transaction which includes registration expenses of ¥330,000. The net proceeds from the transaction will be ¥94,259,000. The transaction was approved by the board of directors of the company.