Wintest Corporation (TSE:6721) announced a private placement of 6th series warrants and 7th series warrants for aggregate gross proceeds of ¥10,445,432 on June 17, 2016. The company will issue 32,610 units of 6th series warrants at ¥159 per unit for proceeds of ¥5,184,990. Each 6th series warrants will be exercisable at ¥121,000 per unit. The 6th series warrants will be issued on July 4, 2016 and will be exercisable from the date of issue till July 3, 2018. The company will issue 33,506 units of 7th series warrants at ¥157 per unit for proceeds of ¥5,260,442. Each 7th series warrants will be exercisable at ¥121,000 per unit. The 7th series warrants will be issued on July 26, 2016 and will be exercisable from the date of issue till July 25, 2018. The transaction will take place through third-party allocation with a returning investor, Oak Capital Corporation, Investment Arm. The transaction was approved in the board of directors’ meeting. The company will incur certain expenses including, expenses for the fair value calculation of the share acquisition rights, lawyers’ fees, registration and licensing taxes, and other various expenses.