Japan Communications Inc. (TSE:9424) announced a private placement of 210,000 3rd series warrants at a price of ¥220 per warrant for gross proceeds of ¥46,200,000 on July 12, 2016. The transaction will include participation from Credit Suisse Principal Investments Limited, Investment Arm (Tokyo Branch). The securities will be issued by way of third party allotment. The date of allotment is July 28, 2016. The estimated net proceeds from the transaction will be ¥44,885,000. The warrants can be exercised into 21,000,000 common shares of the company at an exercise price of ¥212 per warrant share. The warrants can be exercised from July 29, 2016 to July 28, 2018. The transaction has been approved by the board of directors of the company.