Metal-Life Co., Ltd. (KOSDAQ:A327260) announced a private placement of series 3rd unregistered coupon nonguaranteed private convertible bonds for gross proceeds of KRW 6,000,000,000 on June 29, 2020. The transaction will include participation from NH Hanyang a general manager New Technology Investment Fund 1 for KRW 3,500,000,000, RFHIC Corporation (KOSDAQ:A218410) for KRW 2,200,000,000 and Chief Executive Officer of the company Kiwoo Han for KRW 300,000,000. The bonds are zero coupon bonds with a maturity date of January 1, 2024.

The bonds are convertible into 305,188 common shares at a conversion price of KRW 19,660 per share. The conversion period will start on July 1, 2021 and end on December 1, 2023. The subscription and payment date of the transaction is July 1, 2020.

The transaction has been approved by the board of directors of the company.