TOP Tankers Announces Completion of Follow-On Offering
TOP Tankers Inc
announced the completion of its follow-on offering of
8,306,452 common shares, as well as 1,245,968 shares purchased by the
underwriters to cover over-allotments. The net proceeds for the Company were
approximately $141.6 million, a portion of which will be used for the
acquisition of five double-hull Suezmax tankers from an unrelated third party.
