IGNIS LTD. (TSE:3689) announced a private placement of 10,000 warrants at a price of ¥790 per warrant for ¥7,900,000, 3,500 warrants at a price of ¥677 per warrant for ¥2,369,500 and 3,500 warrant at a price of ¥512 per warrant for ¥1,792,000 for total gross proceeds of ¥12,061,500 on March 5, 2018. The warrants are exercisable at a price of ¥3,050, ¥5,000 and ¥7,000 and are exercisable 1,000,000 shares, 350,000 shares and 350,000 shares respectively for a period of three years. The company issued warrants through the third party allotment.