CanBas Co., Ltd. (TSE:4575) announced a private placement of 40 units at ¥2,617,500 per unit for gross proceeds of ¥104,700,000 on November 14, 2013. Each unit consists of first series unsecured convertible bonds and warrants. The bonds will bear fixed interest rate of 3% per annum and will be convertible at ¥1,047 per share.

The round will include participation from a capital management company in Japan.