Gemini Investment Corporation (KOSDAQ:A019570) announced a private placement of 10,101,010 common shares at a price of KRW 594 per share for KRW 5,999,999,940, series 3, series 4, and series 5 unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 6,000,000,000, KRW 3,000,000,000, KRW 10,000,000,000; for aggregate gross proceeds of KRW 24,999,999,940 on January 4, 2019. The transaction will include participation from new investors, Leaders Asset Holdings Co., Ltd. for common shares, Sangji Caelum, Inc. (KOSDAQ:A042940) for the series 3 bonds, GSM Holdings Co., Ltd. for the series 4 bonds, and CL Two Partners Fund 2 for series 5 bonds. The company will issue the shares through third party allotment method.

The shares will have a face value of KRW 500 and will be issued at a 10% discount. Post the transaction, the total number of issued common shares of the company will increase from 40,000,000 to 50,101,010 shares. Scheduled delivery date of new share certificates is February 27, 2019 and scheduled listing date of new shares is February 28, 2019.

The shares will be subject to a lock up period of 1 year from the date of issue.