20.09.2013 15:00:08
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Baltic Trading Prices Public Offering - Quick Facts
(RTTNews) - Baltic Trading Limited (BALT) announced it has agreed to sell 12 million shares at a public offering price of $4.60 per share, pursuant to a registration statement. Total gross proceeds from the offering will be approximately $55.2 million. The company intends to use the net proceeds for future vessel acquisitions or, to the extent it does not so use them, for working capital and general corporate purposes.
The company granted the underwriters a 30-day option to purchase up to an additional 1.8 million shares of common stock.

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