GreenCross Medical Science Corp. (KOSDAQ:A142280) announced a private placement of 3rd series unregistered coupon unguaranteed unsecured private non-detachable bonds for gross proceeds of KRW 10,000,000,000 on January 3, 2018. The transaction will involve participation from KB Securities Co., Ltd., Investment Arm for KRW 2,000,000,000, Aion Zeus Private Investment Trust 1 and Aion Gaia Private Investment Trust 1 for KRW 1,500,000,000, and Rhinos Global Mezzanine Multi-Strategy Hedge Fund 1, Aion Zeus Pre-IPO Private Investment Trust 1, Aion Athena Private Investment Trust 2 and Aion Metis Pre-IPO Investment Trust 2 for KRW 1,000,000,000. The bonds will be issued at par. The bonds do not carry any coupon and would mature on January 5, 2023. The company will also issue warrants in the transaction and they will be exercised into 818,330 shares at an exercise price of 12,220 between the period of January 5, 2019 to December 5, 2022 . The subscription and payment date is January 5, 2018. The transaction has been approved from board of directors of the company.