TOP Tankers Announces Issuance of 2.1 Million Shares to Strategic Investor
28 Juin 2007 - 2:35PM
PR Newswire (US)
ATHENS, Greece, June 28 /PRNewswire-FirstCall/ -- TOP Tankers Inc
(NASDAQ:TOPT), announced today that it has placed 2.1 million
common shares with companies connected with George Economou, the
well-known Greek shipping investor. The shares were issued under
the Company's effective shelf registration statement in connection
with the Company's controlled equity offering program. The
aggregate gross proceeds of the placement were approximately $14.3
million, which the Company expects to use for acquisitions, working
capital and general corporate purposes. Evangelos J. Pistiolis,
president and CEO of TOP Tankers Inc., stated, "This strategic
investment constitutes a vote of confidence in our Company and its
management. We welcome Mr. Economou's valued participation. After
the placement, Mr. Economou owns approximately 3.7 million shares
of TOP Tankers according to recent filings." About TOP Tankers Inc
TOP Tankers Inc is an international provider of worldwide seaborne
crude oil and petroleum products transportation services. The
Company will operate a fleet of 22 tankers, consisting of 12
double-hull Suezmax tankers and 10 double-hull Handymax tankers,
with a total carrying capacity of approximately 2.3 million dwt, of
which 87% are sister ships. Fifteen of the Company's 22 tankers
will be on time charter contracts with an average term of over
three years with all but four of the time charters including profit
sharing agreements. Forward Looking Statement Matters discussed in
this release may constitute forward-looking statements.
Forward-looking statements reflect our current views with respect
to future events and financial performance and may include
statements concerning plans, objectives, goals, strategies, future
events or performance, and underlying assumptions and other
statements, which are other than statements of historical facts.
The forward-looking statements in this release are based upon
various assumptions, many of which are based, in turn, upon further
assumptions, including without limitation, management's examination
of historical operating trends, data contained in our records and
other data available from third parties. Although TOP Tankers
believes that these assumptions were reasonable when made, because
these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible
to predict and are beyond our control, TOP Tankers cannot assure
you that it will achieve or accomplish these expectations, beliefs
or projections. Contact: Michael Mason (investors) Stamatis
Tsantanis, CFO Allen & Caron Inc TOP Tankers Inc 212 691 8087
011 30 210 812 8199 DATASOURCE: TOP Tankers Inc CONTACT: Investors,
Michael Mason of Allen & Caron Inc, +1-212-691-8087, , for TOP
Tankers Inc; or Stamatis Tsantanis, CFO of TOP Tankers Inc, 011 30
210 812 8199,
Copyright
Top Tankers (NASDAQ:TOPT)
Graphique Historique de l'Action
De Août 2024 à Sept 2024
Top Tankers (NASDAQ:TOPT)
Graphique Historique de l'Action
De Sept 2023 à Sept 2024
Real-Time news about Top Tankers Inc. (MM) (NASDAQ): 0 recent articles
Plus d'articles sur Top Tankers Inc. (MM)