Toebox Korea, Ltd. (KOSDAQ:A215480) announced a private placement of series two and three unregistered and unsecured private bonds with warrants for gross proceeds of KRW 10,000,000,000 on October 18, 2017. Both bonds will be issued at its par value for KRW 5,000,000,000 each. The bond carries zero coupon bonds.

The warrants will fully exercisable into registered common shares of the company at an exercise price of KRW 2,083 per share. The transaction will involve participation from C Square Mezzanine Plus PEF No. 1 for KRW 1,000,000,000, C Square Mezzanine Plus PEF No.

7, C Square Mezzanine Plus PEF No. 10, C Squared TF Gangnam Mezzanine Plus Hedge Fund 1, Rico –Synergy Collaboration Multi-Mezzanine Hedge Fund 3, Yurie Synergy Mezzanine Private Fund S-1 for KRW 600,000,000, Yurie Synergy Mezzanine Private Fund 1 for KRW 500,000,000 and Kiwoom Securities Co., Ltd. (KOSE:A039490) for KRW 3,000,000,000. The subscription and payment date for third series bonds is October 20, 2017.

The transaction has been approved by board of directors on October 18, 2017.