ToolGen Incorporated announced a private placement of 1st round registered private convertible bonds for gross proceeds of KRW 1,996,000,000 on October 7, 2014. The transaction will include participation from Mirae Creation LB Leading Company Investment Fund NO. 20. The bonds will not carry any interest and will have a yield to maturity of 8% per annum. The bonds will mature on October 9, 2019. The payment date for the bonds is expected on October 10, 2014. The bonds will be 100% convertible into common shares of the company at a conversion price of KRW 4,990 per share. The conversion period will start on October 7, 2016 and end on October 9, 2016. The subscription of the bonds is expected on the same date. The transaction was approved by the board of directors of the company.

On October 10, 2014, ToolGen Incorporated closed the transaction.