GOGL: Delivery of two dry bulk vessels
April 27 2017 - 9:31AM
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 first two vessels, Q Sue and Q Kaki (to be
renamed Golden Sue and Golden Kaki). Golden Ocean has issued 1.6
million consideration shares to Quintana Shipping Ltd. and
associated companies in exchange for the two vessels. Following
this transaction, the Company's issued share capital is USD
5,843,649.6 divided into 116,872,992 issued shares, each with a
nominal value of USD 0.05.
April 27, 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 information is subject to the disclosure requirements
pursuant to section 5 -12 of the Norwegian Securities Trading
Act.