ReproCELL, Inc. (JASDAQ:4978) announced a private placement of 5,802 12th series warrants at a price of ¥2,734 per warrant with Merrill Lynch Japan Securities Co., Ltd., Investment Arm for gross proceeds of ¥15,862,668 on December 2, 2016. The warrants are exercisable into 5,802,000 common shares of the company at an exercise price of ¥449 per share from December 20, 2016 to December 29, 2017. The warrants will be issued by third party allocation. The net proceeds from the transaction will be ¥15,862,000. The company will bear expenses for various expenses for the issuance including attorney fees, value calculation expense, and trust bank expense. The transaction has been approved by the board of directors of the company. The allotment date is December 19, 2016.