Ohmori Co.,Ltd. (TSE:1844) announced a private placement of 3,000,000 common shares at ¥35 per share and 270 5th round warrant units at ¥22,600 per unit with existing investor, Milestone Capital Management Co., Ltd. for gross proceeds of ¥111,102,000 on February 17, 2014. The investor's stake in the company upon completion of the transaction by 3rd party allocation and exercise of warrants will increase from 2.16% to 19.94%. The investor will hold 30,000,000 common shares of the company upon completion of the transaction and exercise of the warrants. Each warrant unit entitles the holder to purchase 100,000 common shares of the company at an exercise price of ¥35 per share. Attorney Hyun Kunsun of Minato International Group LPC will act as the legal advisor to the company. The company will pay ¥1,500,000 as attorney fees and other fees, ¥2,500,000 to Plutus Consulting Co., Ltd. for the creation of documents in the issuance of securities, ¥120,000 to Security & Research Co., Ltd. for external investigation, and ¥5,600,000 for registration related expenses and stock handling commission. The company will receive gross proceeds of ¥1,056,102,000 and net proceeds of ¥1,046,382,000 upon exercise of warrants. The transaction will close on March 5, 2014.

On March 5, 2014, Ohmori Co.,Ltd. closed the transaction.