ARISTON Shipping Investment Company announced a private placement of 607,000 common shares at a price of €3 per share for gross proceeds €1,821,000 on December 28, 2016. The shares will be issued at par. The transaction will include participation from existing shareholder, Revoil S.A. (ATSE:REVOIL). The transaction has been approved at the extraordinary general meeting of the shareholders of the investor. Post closing, the investor will retain its 100% stake in the company.