J way Co., Ltd. (KOSDAQ:A058420) announced a private placement of 1,515,000 common shares at a price of KRW 2,640 per share for gross proceeds of KRW 3,999,600,000 on September 11,2017. The transaction will involve participation from new investor LK Fintech Co., Ltd. The common shares will be issued by a way of third party allotment. The common shares will be issued at a premium. The common shares will be subject to a lock up period of 12 months. Post the closing of the transaction, the total number of issued shares by the company will increase from 10,700,110 to 12,215,110. The transaction is expected to close on September 22, 2017. The transaction has been approved by the board of directors of the company.