TERRASEM Co., Ltd. (KOSDAQ:A182690) announced a private placements of 8,531,382 common shares of par value KRW 500 issued at a price of KRW 1,641 for gross proceeds of KRW 13,999,997,862, series 7 unregistered unguaranteed private convertible bonds for gross proceeds of KRW 5,000,000,000, series 8 unregistered unguaranteed private convertible bonds for gross proceeds of KRW 5,000,000,000, and series 9 unregistered unguaranteed private convertible bond for gross proceeds of KRW 5,000,000,000, for aggregate gross proceeds of KRW 28,999,997,862 on October 16, 2019. The transaction will include participation from Culture Energy Co., Ltd. for 6,093,845 shares, Swiss Global Co., Ltd for 1,218,769 shares, individual investors Lee Jung Sup, Jaejaejung, Yong Yong Shin, Yongsun Kim for 304,692 shares each, new investor Yeonju Ryu for series 7 bonds, Kyungwon Paik for series 8 bonds, Synest Co., Ltd. for series 9 bonds. The shares are issued through a third party allotment method. The shares are issued at 10% discount. Both the bonds will be issued at par. The bonds do not carry any coupon and yield to maturity. The series 7 and series 8 bonds will mature on December 16, 2022 and series 9 bonds December 26, 2022. The bonds are fully convertible into 2,459,419 shares representing 14.59% stake in the company individually, at a fixed conversion price of KRW 2,033 each starting from December 16, 2020 till November 16, 2022. The payment dates for shares is November 29, 2019 and bonds is December 16, 2019. The securities issued are subject to a restricted period of one year. The transaction has been approved by the board of directors of the company.