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GOGL takes delivery of final dry bulk vessel from March agreement

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Dry Bulk,

Back in March 2017, Golden Ocean Group Ltd (GOGL) 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.

The company has now taken delivery of the last vessel, Q Keen (to be renamed Golden Keen), and now all 16 vessels are now delivered. Golden Ocean has issued 1 050 000 consideration shares to Quintana Shipping Ltd and associated companies in exchange for the vessel.

Following this transaction, the company's issued share capital is US$ 6,618,649.60 divided into 132 372 992 issued shares, each with a nominal value of US$0.05.

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Dry bulk shipping market