STCube, Inc. (KOSDAQ:A052020) announced a private placement of third registered/unsecured private convertible bonds for gross proceeds of KRW 2 billion on March 18, 2014. The company will also issue warrants in the transaction. The bonds will mature on March 20, 2017 and will bear a coupon rate of 0% per annum.

The bonds will be convertible into common shares at a 100% rate of conversion and at a conversion price of KRW 5,904 per share. The conversion period will start on March 20, 2015 and will end on March 20, 2017.