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 takes delivery of dry bulk vessel Golden Arion
Caption: Bulk carrier Golden Arion (Q Arion) - Image courtesy of Sychikov

The Company announced yesterday that it has taken delivery of additional one vessel, Q Arion (to be renamed Golden Arion).

Golden Ocean has issued 1,000,000 consideration shares to Quintana Shipping Ltd. and associated companies in exchange for the vessel. Following this transaction, the Company's issued share capital is USD 6,311,149.60 divided into 126,222,992 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