I-Freek Mobile Inc. (JASDAQ:3845) announced a private placement of 950,000 shares at a price of ¥256 per share for the gross proceeds of ¥243,200,000 and 2,505 units of series 15 warrants at ¥2,812 per unit for gross proceeds of ¥7,044,060 on March 29, 2018. The transaction will includes participation from Koichi Nagata for 200,000 shares and 500 units, Kiku Kuroda for 50,000 shares and 125 units, Shigemasa Tachibana for 50,000 shares and 125 units, and Dream No. 10 Fund L.P. 650,000 shares and 1,625 units, VASDAQ Capital Co., Ltd. 130 units. Each warrant unit is exercisable for 2,505,000 shares. Each warrant is exercisable at ¥284 per share. The company will pay expenses legal expenses, value calculation expenses, trust bank expenses, etc. of ¥7,370,000 and will receive net proceeds of ¥711,420,000 upon exercise of warrants in the transaction. The warrants are exercisable from April 17, 2018 to April 16 2021. The company will issue securities through third party allotment method. The transaction has been approved by the board of directors of the company. The payment date of shares is on April 16, 2018.