Western Bulk Chartering AS has successfully completed a private placement with 154 mill. NOK (18 mill. $) in gross proceeds by issuing 4.6 mill. new shares.
Commenting on the transaction, Jens Ismar, CEO of Western Bulk said, »We are very pleased with the continued s[ds_preview]trong support from our largest shareholders in this transaction.«
The capital increase brings the total available cash up to almost 50 mill. $ currently, including the Group‘s undrawn bank credit line. Thus, »the Group is well positioned for the future«.
