Axel Mark Inc. (TSE:3624) announced a private placement of 3,000 16th warrants at a price of ¥270 per warrant for gross proceeds of ¥810,000, 2,500 17th warrants at a price of ¥253 per warrant for gross proceeds of ¥632,500, 2,000 18th warrants at a price of ¥240 per warrant for gross proceeds of ¥480,000, and 1,500 19th warrants at a price of ¥221 per warrant for gross proceeds of ¥331,500; for aggregate gross proceeds of ¥2,254,000 on September 8, 2017. The transaction involved participation from Deutsche Bank AG, London Branch. Each warrant will be convertible into 100 shares at a fixed exercise price of ¥1,525, 2,500, 3,000, and 3,500 for 16th, 17th, 18th, and 19th series warrants respectively. The transaction was approved by the board of directors of the company.