Nordic American Offshore Ltd. Announces Completion of Vessel Acquisition and Sale of Common Shares under Equity Line of Credit
Nordic American Offshore Ltd. announced that it has completed the previously announced acquisition of thirteen vessels from Scorpio Offshore Holdings Inc. for 8,126,219 common shares at $2.7774/ share. In a separate transaction, the Company has sold 3,240,418 common shares under its Equity Line of Credit to two affiliated entities which are accredited investors for $2.7774/ share. Clarksons Platou Securities acted as advisor in this transaction. Emanuele A. Lauro, Chairman and Chief Executive Officer, commented “With the completion of this acquisition and the first drawdown under our Equity Line, NAO has ...
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