Bio Nicsgene Co.,Ltd. (KOSDAQ:A222810) announced a private placement of 1,531,213 common shares at a price of KRW 8,490 per share for gross proceeds of KRW 12,999,998,370 on June 14, 2018. The shares will be issued through third party allotment method. The shares have a face value of KRW 100 per share.

The transaction will include participation from KCLAVIS Bio Global Fund for 1,531,213 shares. Post the closing of the transaction, the shares will increase from 15,993,536 to 17,524,749. The payment date is July 12, 2018.

The shares issued in the transaction have a hold period of one year. The transaction has been approved by the board of the directors of the company.