Mirae SCI Co., Ltd. (KOSDAQ:A028040) announced a private placement of 35th Weapon Myeong-sik unregistered unguaranteed unsecured private convertible bonds for gross proceeds of KRW 8,000,000,000 on April 6, 2018. The transaction will include participation from Yozma Group Korea Co., Ltd, Haeraz Investor, Corp., Kanghyun An, Kangwoong An, and Aladdin Partners Co., Ltd. The bonds are zero-coupon, have yield to maturity of 3% and will mature on June 11, 2021. The debenture will be 100% converted into 2,162,746 common shares representing 10.41% stake of the company at a fixed conversion price of KRW 3,699 per share. The convertible period is from June 11, 2019 to May 11, 2021. The transaction is expected to close on June 11, 2018. The transaction has been approved by the board of directors of the company.