NovMetaPharma Co., Ltd. (XKON:A229500) announced a private placement of 194,880 common shares at a price of KRW 9,500 per share for gross proceeds of KRW 1,851,360,000 on August 24, 2017. The transaction will involve participation from 28 investors including individual investors including Byun, Junseok for 52,630 shares, Cho, Younghwan for 21,050 shares, and No, Eunseo, Hwang, Inkyu, Hwang, Kyungju, Yoo, Myungsik, Hwang, Jungyeon, Echo Box Co., Ltd., Kim, Soojin, Kim, Jinyoung for 10,000 shares each. The subscription and payment date for the transaction is August 24, 2017 and August 25, 2017 respectively. Post the closing of the transaction, the total number of issued shares of the company will increase from 7,776,000 to 7,970,880. The common shares will be issued by a way of third party allotment. The common shares will be issued at a premium and will be subject to a lock up period of 6 months. The transaction has been approved by the board of directors of the company.