GOGL - Equity offering: Issue of New Shares
March 17 2017 - 3:40AM
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, 2017
Hamilton, Bermuda
The Board of Directors
Golden 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.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Golden Ocean Group Limited via Globenewswire
Golden Ocean (NASDAQ:GOGL)
Historical Stock Chart
From Mar 2024 to Apr 2024
Golden Ocean (NASDAQ:GOGL)
Historical Stock Chart
From Apr 2023 to Apr 2024