KinerjaPay Corp. (OTCPK:KPAY) announced a private placement of 400,000 series A convertible preferred shares at a price of $1.25 per share for gross proceeds of $500,000 to an institutional investor on January 2, 2018. The company also issued class N warrants to purchase 400,000 shares at an exercise price of $1.25 per share for a period of three years.