Fund Creation Group Company Limited (JASDAQ:3266) announced a private placement of 70,000 series 8 warrants at ¥57 per warrant for gross proceeds of ¥3,990,000 on April 17, 2019. The transaction will involve participation from Daiwa Securities Co., Ltd. The transaction will take place through third party allocation. Each warrant will entitle the holder to purchase 100 common shares of the company, amounting to 7,000,000 shares. The initial exercise price is ¥102 and the minimum exercise price is ¥62. The company will pay for issuance expenses for appraisal expenses, registration expenses, document preparation expenses, and other legal fees. The transaction is expected to close on May 8, 2019. The warrants can be exercisable from May 9, 2019 to May 6, 2022. The trnascation has been approved by the board of directors of the company.