On 14 March 2017, Golden Ocean Group Ltd announced it had 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.
Following on from this, the company announced on 27 April that it has taken delivery of the first two vessels, Q Sue and Q Kaki (to be renamed Golden Sue and Golden Kaki).
Golden Ocean has issued 1.6 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 5,843,649.6 divided into 116,872,992 issued shares, each with a nominal value of US$0.05.
Read the article online at: https://www.drybulkmagazine.com/shipping/28042017/golden-ocean-group-takes-delivery-of-two-dry-bulk-vessels/