Microtech Co.,Ltd (KOSDAQ:A227950) announced a private placement of series 1 unregistered unguaranteed private non-detachable bonds with warrants for gross proceeds of KRW 9,999,999,676, series 2 for gross proceeds of KRW 3,799,999,842 and series 3 unregistered private convertible bond for gross proceeds of KRW 4,999,999,338; for aggregate gross proceeds of KRW 18,799,998,856 on January 10, 2019. The transaction will include participation from new investor OSK Fund 1 for series 1 bonds, Little Investment Find 1 for series 2 bonds and L&C Corporation for series 3 bonds. The coupon rate of bonds is 2% and yield to maturity is 3%. The maturity date of series 1, series 2 bonds, and series 3 bonds is February 28, 2022, January 31, 2022, and February 28, 2022, respectively. The series 2 and series 3 bonds are 100% convertible into 6,119,610 shares of the company at a conversion price of KRW 1,438, representing 27.68% stake in the company. The series 2 bonds are convertible from January 31, 2020 to December 30, 2021 and series 3 bonds are convertible from February 28, 2020 to January 27, 2022. The warrants issued with series 1 bonds are fully exercisable into 6,954,102 shares representing 26.79% stake in the company at a price of KRW 1,438 per share from February 28, 2020 to January 27, 2022. The subscription date is January 10, 2019. The payment date for series 1 bonds is February 28, 2019, series 2 bonds is January 31, 2019 and series 3 bonds is February 28, 2019. The transaction has been approved by the board of directors of the company.