GOGL - Equity offering: Issue of New Shares
March 17 2017 - 3:41AM
Reference is made to the stock exchange notices
published in connection with the offering (the "Offering")
of 8,607,800 new shares (the "New Shares") in Golden Ocean
Group Ltd. (NYSE/OSE: GOGL) (the "Company"). The New Shares
have been validly issued, and the Company's issued share capital
has been increased to USD 5,728,649.6 divided into 114,572,992
issued shares, each with a nominal value of USD 0.05.
The New Shares will be delivered to the
subscribers in the Offering on March 17, 2017 and to be registered
in the Norwegian Central Securities Depository (VPS) with the
Company's ISIN BMG396372051 and commence to trade under the
Company's trading symbol "GOGL" and become tradable on the Oslo
Stock Exchange and NASDAQ on March 17, 2017.
This announcement does not constitute an offer
to sell or the solicitation of an offer to buy securities and shall
not constitute an offer, solicitation or sale in any jurisdiction
in which such offer, solicitation or sale is unlawful. The Offering
is being made by means of an application agreement, a term sheet
and a prospectus and related prospectus supplements which form a
part of the Company's effective Registration Statement on Form F-3
(Registration No. 333-211365) that has previously been filed with
the US Securities and Exchange Commission (the "SEC").
Copies of the offering documentation may be obtained by contacting
DNB Markets at telephone: DNB Markets Inc. at 200 Park Ave, Floor
31, New York, NY 10166, telephone: +1 212 681 3800.
March 17, 2017Hamilton, Bermuda
The Board of DirectorsGolden Ocean Group
Ltd.
Contact Persons: Birgitte Ringstad Vartdal: CEO,
Golden Ocean Management AS +47 22 01 73 53
Per Heiberg: CFO, Golden Ocean Management AS +47 22
01 73 45
***
Forward-Looking Statements
Matters discussed in this press release may
constitute forward-looking statements. The Private Securities
Litigation Reform Act of 1995 provides safe harbor protections for
forward-looking statements, which include statements concerning
plans, objectives, goals, strategies, future events or performance,
and underlying assumptions and other statements, which are other
than statements of historical facts. Words such as "believe",
"anticipate", "intends", "estimate", "forecast", "project", "plan",
"potential", "may", "should", "expect", "pending" and similar
expressions identify forward-looking statements.
The forward-looking statements in this press
release are based upon various assumptions. Although we
believe that these assumptions were reasonable when made, because
these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible
to predict and are beyond our control, we cannot assure you that we
will achieve or accomplish these expectations, beliefs or
projections. The information set forth herein speaks only as of the
date hereof, and we disclaim any intention or obligation to update
any forward-looking statements as a result of developments
occurring after the date of this communication.
In addition to these important factors and
matters discussed elsewhere herein, important factors that, in our
view, could cause actual results to differ materially from those
discussed in the forward-looking statements include the strength of
world economies, fluctuations in currencies and interest rates,
general market conditions, including fluctuations in charter hire
rates and vessel values, changes in demand in the dry bulk market,
changes in our operating expenses, including bunker prices,
drydocking and insurance costs, the market for our vessels,
availability of financing and refinancing, changes in governmental
rules and regulations or actions taken by regulatory authorities,
potential liability from pending or future litigation, general
domestic and international political conditions, potential
disruption of shipping routes due to accidents, political events or
acts by terrorists, and other important factors described from time
to time in the reports filed by the Company with the Securities and
Exchange Commission.
This information is subject to the disclosure
requirements of section 5-12 of the Norwegian Securities Trading
Act.
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