Globus Maritime Limited, a dry bulk shipping company, announced that it has signed a share and warrant purchase agreement providing for the issuance, for gross proceeds of $2.5 million in a private placement to a private investor.
The Company intends to use the proceeds from the sale of common shares and warrants for general corporate purposes and working capital.
Georgios Feidakis, Globus's Chairman, stated: "We are pleased by this demonstration of confidence in our company from our new investor, United Capital Investments Corp., led by Victor Restis."
"Restis has significant experience in shipping and currently runs a fleet of approximately 40 vessels. We continue to be committed to our customers and shareholders and anticipate this transaction will have a positive impact on the company's growth," Georgios added.
Globus is an integrated dry bulk shipping company that provides marine transportation services worldwide
and presently owns, operates and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products
, cement, alumina and other dry bulk cargoes internationally.
Globus' subsidiaries own and operate five vessels with a total carrying capacity of 300,571 DWT and a weighted average age of 9.3 years as of June 30, 2017.