Shobunsha Publications, Inc. (TSE:9475) announced a private placement of 6,000 series 1 warrants at ¥1,020 per series 1 warrant, 1,300 series 2 warrants at ¥160 per series 2 warrant, and 1,000 series 3 warrants at ¥15 per series 3 warrant for aggregate proceeds of ¥6,343,000 on May 29, 2015. The transaction will involve sole participation from returning investor, Whiz Asia Evolution Fund, a fund managed by Whiz Partners Inc. Each warrant is exercisable to acquire 10 shares of the company. The series 1 warrants are exercisable at ¥847 per share, series 2 warrants are exercisable at ¥1,058 per share, and series 3 warrants are exercisable at ¥1,694 per share.

The transaction is expected to close on June 15, 2015. The transaction has been approved by the board of directors of the company.