Shodensya Co., Ltd. (TSE:1711) announced a private placement of 6,000 6th series warrants at ¥140 per warrant for gross proceeds of ¥840,000 on October 6, 2016. The transaction will include participation from existing investor Kenji Nakamura for 2,000 warrants and new investor Osamu Nishijima for 4,000 warrants. The warrants have settlement date and allotment date of October 24, 2016. The warrants are exercisable at ¥49,600 per share from October 24, 2016 to October 23, 2018. The company will incur various issue costs including attribute check of recipient’s expenses, registration-related expenses, value calculation expenses, third party committee fees such as legal fees, and other expenses. The warrants will be issued through third party allotment method.