Reference is made to the stock exchange notice dated March 14, 2017 where Golden Ocean Group Limited (NASDAQ and OSE: GOGL) (Golden Ocean) 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.

Golden Ocean announces delivery of two dry bulk vessels - Golden Myrtalia and Golden Shea

Bulk carrier Golden Myrtalia (ex Q Myrtalia) - Image courtesy of: Cengiz Tokgöz

The Company announced Monday that it has taken delivery of additional two vessels, Q Myrtalia and Q Shea (to be renamed Golden Myrtalia and Golden Shea).

Bulk carrier Golden Shea (ex Q Shea) - Image courtesy of Ed Cooke

Golden Ocean has issued 1.95 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 6,051,149.60 divided into 121,022,992 issued shares, each with a nominal value of USD 0.05.

Related news: Golden Ocean Group Acquires 16 Modern Dry Bulk Vessels

Source: Golden Ocean