Western Bulk Chartering AS completes private placement
Western Bulk Chartering AS has successfully completed the application process for a private placement with NOK 167 million in gross proceeds by issue of 5,000,000 new shares, each with par value of NOK 0.05 at NOK 33.40 per share.
The Private Placement was directed towards the largest shareholders in Bulk Invest ASA (formerly Western Bulk ASA) as of 25 February 2016 as registered with the VPS as of 29 February 2016.
The Private Placement was managed by Pareto Securities as Sole Bookrunner.
In connection with the Private Placement WBC will conduct a share split of 1:2,000 bringing the total number of outstanding shares pre Private Placement to 4,000,000, each with a par value of NOK 0.05.
Total number of shares post Private Placement will be 9,000,000 shares, each with a par value of NOK 0.05.