Hermitage Offshore Services Ltd. Announces Sale of Common Shares under Equity Line of Credit
Hermitage Offshore Services Ltd. Ordinary Shares (Bermuda) (PSV)
Company Research
Source: GlobeNewswire
HAMILTON, Bermuda, Dec. 20, 2019 (GLOBE NEWSWIRE) -- Hermitage Offshore Services Ltd. (the “Company”) announced today that it has sold an aggregate of 3,143,709 additional common shares under its previously announced equity line of credit for $1.11334 per share and aggregate net proceeds of $3.5 million. The net proceeds of this issuance are expected to be used for general corporate purposes. The Company has 25,661,915 common shares outstanding after giving effect to this transaction. This press release does not constitute an offer to sell or the solicitation of an offer to buy common shares of the Company, nor shall there be any sale of common shares in any jurisdiction in which, or to any person to whom, such an offer, solicitation or sale would be unlawful. The common shares have not been, and will not be, registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or resold absent registration or an applicable exemption from r
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