GOGL - Delivery of dry bulk vessel
June 21 2017 - 10:30AM
Reference is made to the stock
exchange notice dated March 14, 2017 where Golden Ocean Group
Limited (NASDAQ and OSE: GOGL) ("Golden Ocean"
or the "Company") announced that it has
entered into agreements to acquire 16 modern dry bulk vessels in an
all-share transaction where the Company will issue in aggregate
17.8 million consideration shares.
The Company is pleased to announce
that it has taken delivery of the vessel Sea Opal (to be renamed
Golden Opal). Golden Ocean has issued 1,650,000 consideration
shares to Hemen Holding Limited in exchange for the vessel.
Following this transaction, the Company's issued share capital is
USD 6,476,149.60 divided into 129,522,992 issued shares, each with
a nominal value of USD 0.05.
June 21, 2017
Hamilton, Bermuda
The Board of Directors
Golden Ocean Group Ltd.
***
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 information is subject
to the disclosure requirements pursuant to 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
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