Seouleaguer Co., Ltd. (KOSDAQ:A043710) announced a private placement of 4,400,000 shares at a price of KRW 2,275 per share for gross proceeds of KRW 10,010,000,000 on May 22, 2019. The shares have a face value of KRW 500 per share. The transaction will include participation from Sesim Co., Ltd. and Hwa Ui Co., Ltd., for 2,200,000 share for proceeds of KRW 5,010,000,000 each. The company will issue the shares on the third party allotment basis. The payment date is May 30, 2019. The transaction has been approved by the board of directors of the company. The shares have a lock up period of one year.