On February 19, 2016 Golden Ocean Group Limited (the "Company") announced that a private placement had been successfully carried out at NOK 5.00 per share, raising gross proceeds of NOK 1,718,420,000 million (approximately USD 200 million) through the issuance of 343,684,000 new shares.
The Conversion Price in the Convertible Bond will be adjusted in accordance with clause 14.6 of the Bond Agreement from US$19.93 to US$17.63 per share effective from February 23, 2016.
Hamilton, Bermuda
February 24, 2016
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