company news

CASTOR : Castor Maritime Inc. Announces Results of its 2019 Annual General Meeting of Shareholders

Company news

2019-10-23 16:10:29

Castor Maritime Inc. Announces Results of its 2019 Annual General Meeting of Shareholders

Limassol, Cyprus, October 23, 2019 – Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the
“Company”), a global shipping company specializing in the ownership of dry bulk vessels, today
announced that the Company’s Annual General Meeting of Shareholders was duly held on
October 21, 2019 at 6:00 p.m. local time at the Company's executive offices in Limassol, Cyprus.

At the meeting each of the following proposals were approved and adopted:

1. The reelection of Mr. Dionysios Makris to serve as Class B Director until the 2022 Annual
General Meeting of Shareholders; and

2. The appointment of Deloitte Certified Public Accountants S.A. as the Company’s independent
auditors for the fiscal year ending December 31, 2019.

About Castor Maritime Inc.

Castor Maritime Inc. is an international provider of shipping transportation services through its
ownership of dry bulk vessels. The Company’s vessels are employed primarily on medium-term
charters and transport a range of dry bulk cargoes, including such commodities as coal, grain and
other materials along worldwide shipping routes.

The Company's fleet currently consists of three Panamax dry bulk carriers.

For more information please visit the company’s website at www.castormaritime.com

Cautionary Statement Regarding Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. The Private
Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking
statements in order to encourage companies to provide prospective information about their
business. Forward-looking statements include statements concerning plans, objectives, goals,
strategies, future events or performance, and underlying assumptions and other statements,
which are other than statements of historical facts. The Company desires to take advantage of
the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including
this cautionary statement in connection with this safe harbor legislation. The words “believe,”
“anticipate,” “intend,” “estimate,” “forecast,” “project,” “plan,” “potential,” “will,” “may,”
“should,” “expect,” “pending” and similar expressions identify forward-looking statements. The
forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management’s examination of historical operating trends, data contained in our records and
other data available from third parties. Although we believe that these assumptions were
reasonable when made, because these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible to predict and are beyond our
control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or
projections. We undertake no obligation to update any forward-looking statement, whether as a
result of new information, future events or otherwise. In addition to these important factors,
other important factors that, in the Company’s view, could cause actual results to differ materially
from those discussed in the forward‐looking statements include general dry bulk shipping market
conditions, including fluctuations in charterhire rates and vessel values, the strength of world
economies the stability of Europe and the Euro, fluctuations in interest rates and foreign exchange
rates, changes in demand in the dry bulk shipping industry, including the market for our vessels,
changes in our operating expenses, including bunker prices, dry docking and insurance costs,
changes in governmental rules and regulations or actions taken by regulatory authorities,
potential liability from pending or future litigation, general domestic and international political
conditions, potential disruption of shipping routes due to accidents or political events, the
availability of financing and refinancing and grow our business, vessel breakdowns and instances
of off‐hire, risks associated with vessel construction, potential exposure or loss from investment
in derivative instruments, potential conflicts of interest involving our Chief Executive Officer, his
family and other members of our senior management, and our ability to complete acquisition
transactions as planned. Please see our filings with the Securities and Exchange Commission for a
more complete discussion of these and other risks and uncertainties. The information set forth
herein speaks only as of the date hereof, and the Company disclaims any intention or obligation
to update any forward‐looking statements as a result of developments occurring after the date of
this communication.

CONTACT DETAILS

For further information please contact:

Petros Panagiotidis
Castor Maritime Inc.
Email: info@castormaritime.com

Media Contact:

Kevin Karlis
Capital Link
Email: castormaritime@capitallink.com

http://castormaritime.com/ Castor Maritime Inc. Announces Results of its 2019 Annual General Meeting of Shareholders.pdf

CASTOR : Castor Maritime Inc. Announces Delivery of the MV Magic Moon

Company news

2019-10-23 16:06:51

CASTOR MARITIME INC. ANNOUNCES DELIVERY OF THE M/V MAGIC MOON

Limassol, Cyprus, October 23, 2019 – Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the
“Company”), a global shipping company specializing in the ownership of dry bulk vessels,
announced today that, in connection with a previously announced Memorandum of
Agreement dated October 14, 2019, it has taken delivery, through one of its wholly-owned
subsidiaries, of the M/V Magic Moon (the “Magic Moon Acquisition”).

The Magic Moon Acquisition was financed using a combination of cash on hand and the
proceeds from a $7.5 million interest free unsecured bridge loan, which was provided to the
Company by an entity controlled by Petros Panagiotidis, Castor’s Chairman, Chief Executive
Officer and Chief Financial Officer (the “$7.5 Million Bridge Financing”). The $7.5 Million
Bridge Financing, maturing on December 31, 2019, allowed the Company to purchase the
vessel immediately while assessing financing options for its fleet. The Company has received
an Offer Letter from a first class Bank for a 5-year term loan, which is expected to be entered
into by the end of the year, subject to normal closing conditions.

The Board of Directors of the Company (the “Board”) and a Special Committee consisting of
disinterested and independent members of the Board approved the $7.5 Million Bridge
Financing.

Petros Panagiotidis, Chief Executive Officer and Chief Financial Officer of Castor commented:
“We are pleased to have taken delivery of the M/V Magic Moon, which is the second vessel
we acquired since our listing on NASDAQ last February. We believe that this acquisition will
prove to be accretive to our profitability and increase shareholder value over time. We are
committed to continue taking advantage of market opportunities for further growing our
fleet.”

About Castor Maritime Inc.

Castor Maritime Inc. is an international provider of shipping transportation services through its
ownership of dry bulk vessels. The Company’s vessels are employed primarily on medium-term
charters and transport a range of dry bulk cargoes, including such commodities as coal, grain
and other materials along worldwide shipping routes.

The Company's fleet currently consists of three Panamax dry bulk carriers.

For more information please visit the company’s website at www.castormaritime.com

Cautionary Statement Regarding Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. The Private
Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking
statements in order to encourage companies to provide prospective information about their
business. Forward-looking statements include statements concerning plans, objectives, goals,
strategies, future events or performance, and underlying assumptions and other statements,
which are other than statements of historical facts. The Company desires to take advantage of
the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including
this cautionary statement in connection with this safe harbor legislation. The words “believe,”
“anticipate,” “intend,” “estimate,” “forecast,” “project,” “plan,” “potential,” “will,” “may,”
“should,” “expect,” “pending” and similar expressions identify forward-looking statements. The
forward-looking statements in this press release are based upon various assumptions, many of
which are based, in turn, upon further assumptions, including without limitation, our
management’s examination of historical operating trends, data contained in our records and
other data available from third parties. Although we believe that these assumptions were
reasonable when made, because these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible to predict and are beyond our
control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or
projections. We undertake no obligation to update any forward-looking statement, whether as a
result of new information, future events or otherwise. In addition to these important factors,
other important factors that, in the Company’s view, could cause actual results to differ
materially from those discussed in the forward‐looking statements include general dry bulk
shipping market conditions, including fluctuations in charterhire rates and vessel values, the
strength of world economies the stability of Europe and the Euro, fluctuations in interest rates
and foreign exchange rates, changes in demand in the dry bulk shipping industry, including the
market for our vessels, changes in our operating expenses, including bunker prices, dry docking
and insurance costs, changes in governmental rules and regulations or actions taken by
regulatory authorities, potential liability from pending or future litigation, general domestic and
international political conditions, potential disruption of shipping routes due to accidents or
political events, the availability of financing and refinancing and grow our business, vessel
breakdowns and instances of off‐hire, risks associated with vessel construction, potential
exposure or loss from investment in derivative instruments, potential conflicts of interest
involving our Chief Executive Officer, his family and other members of our senior management,
and our ability to complete acquisition transactions as planned. Please see our filings with the
Securities and Exchange Commission for a more complete discussion of these and other risks
and uncertainties. The information set forth herein speaks only as of the date hereof, and the
Company disclaims any intention or obligation to update any forward‐looking statements as aresult of developments occurring after the date of this communication.

CONTACT DETAILS

For further information please contact:

Petros Panagiotidis
Castor Maritime Inc.
Email: info@castormaritime.com

Media Contact:

Kevin Karlis
Capital Link
Email: castormaritime@capitallink.com

http://castormaritime.com/ Castor Maritime Inc. Announces Delivery of the MV Magic Moon.pdf

Instabank ASA inviterer til presentasjoner av resultatet for tredje kvartal 2019

Company news

2019-10-23 13:10:57

Instabank publiserer rapporten for 3. kvartal 2019 mandag 28. oktober og i den forbindelse vil det bli avholdt presentasjoner i Oslo og Stavanger på følgende tidspunkter;

- i Oslo den 28. oktober kl. 09:00 i Olav Vs gate 5 (SpareBank 1 Markets). Påmelding til corporateaccess@sb1markets.no tlf. 24133707
- i Stavanger den 28. oktober kl. 14:00 i Bjergsted Terrasse 1 (SR Bank). Påmelding til corporateaccess@sb1markets.no tlf. 24133707

   

Quantafuel AS (QFUEL) Intention to list on Merkur Market

Company news

2019-10-23 08:01:07

Quantafuel AS (“Quantafuel” or “the Company”) is pleased to announce that the Company has initiated a process of transferring its listing from the Norwegian OTC Market to Merkur Market under the symbol “QFUEL-ME”, subject to approval of a listing application and an admission document. Merkur Market is a multilateral trading facility owned and operated by Oslo Børs ASA.

The intended timing for the listing on Merkur Market is during the second half of November 2019. Further announcement will be made prior to the first day of trading.

“We have seen an increasingly interest for the Quantafuel share after the announcement of the investment and partnership with BASF. By listing on Merkur Market, our shares will be traded on the Oslo Børs' trading platform and thus more accessible to the investor community, comments Kjetil Bøhn, CEO of Quantafuel AS.

SpareBank 1 Markets has been engaged as Merkur Advisor in connection with the listing.

For further information, please contact:

Kjetil Bøhn
CEO
+47 91 57 38 18

Jens Petter Broby
CFO
+47 91 54 32 03

About Quantafuel | https://quantafuel.com/

Quantafuel is a technology-based energy company converting waste plastics back into low-carbon synthetic oil products replacing virgin oil products. Quantafuel is establishing, operating and owning dedicated plastic-to-liquid (PtL) plants and plans to establish several plants throughout Europe and beyond.

http://www.quantafuel.com  

Norwegian Crystals - Financial report for third quarter 2019

Company news

2019-10-21 20:57:01

Please find enclosed Norwegian Crystals' Financial report for third quarter 2019.

  Norwegian Crystals Report 2019 Q3 - FINAL.pdf

Golar Power awarded PPA for 605MW LNG-to-Power Project in Barcarena, Brazil

Company news

2019-10-21 15:40:01

Golar LNG Limited ("Golar") announces today that Golar Power Limited ("Golar Power"), a (50/50) joint venture with Stonepeak Infrastructure Partners, has been awarded a 25 year power purchase agreement (PPA) for the construction of a 605MW combined cycle thermal power plant at the 2019 A-6 New Energy Auction held on Friday 18th October by the Brazilian National Electric Energy Agency ANEEL. (Auction).

The LNG-to-power Project will be developed by CELBA (Centrais Eletricas Barcarena S/A), a special purpose company 50% controlled by Golar Power. Located in the Brazilian city of Barcarena, State of Pará, the 605MW power plant will utilize imported LNG for the generation of electricity using modern H-Class gas turbines, which will then be distributed to the Brazilian national electricity grid through the existing Vila do Conde Substation located nearby. Total investments for the power project are estimated at $430 million, of which Golar LNGs share is $107m.  Capex will be funded through debt and equity between 2022 and 2025 with the equity portion expected to come from proceeds of the first wave of small-scale distribution in Golar Power.

The PPA has been awarded with a pool of 9 different power distribution companies and is expected to generate fixed annual revenues of $174 million (BRL 711.7 million) for 25-years starting on January 1st, 2025.  Payments under the PPA are inflation indexed and provide for pass-through of fuel costs to the PPA counterparties.

In connection with the PPA, Golar Power anticipates accelerating investment in a new LNG Terminal at the Port of Vila do Conde, also located in Barcarena. The terminal will be wholly operated by Golar Power and will provide an FSRU for 25 years to supply the Project. The Terminal is expected to commence operations by mid-2021 and is located in a strategic entry point in the North region of Brazil, which will be used as a hub to allow the distribution of LNG and supply of natural gas for electricity generation, commercial and industrial customers, transportation and bunkering well in advance of the power project commencement.  FSRU selection and detailing of the terminal are under way with an anticipated FID in 1H 2020.

Golar Power CEO Eduardo Antonello commented, We are extremely excited with the Barcarena Project, thats amongst the most strategic LNG developments across the entire world. For decades this whole region has been starving for cleaner and cheaper energy, right at the centre of one of the most prominent natural resource basins in the globe. The energy hub that will be introduced by Golar Power in the State of Pará has the potential to supply an area larger than Western Europe, with millions of kilometres of river navigation routes. Weve been working for over 3 years on this endeavour, whilst also mapping the potential LNG applications such as road and river transportation, mining, agriculture, industries as well as large populational areas, and now it has become a reality. Considering the environmental and social benefits, our project has the potential to displace very large volumes of diesel, coal, LPG and heavy fuel oil (HFO) consumption with cheaper LNG, allowing significant reduction of greenhouse gas emissions and creating unique technical and economic development opportunities for the local populations.

Golar LNG CEO Iain Ross commented the award of this new project supports our current strategy to transform Golar LNG into a world leading LNG infrastructure player delivering  cheaper and cleaner energy solutions supported by cash flow from long term contracts.

FORWARD LOOKING STATEMENTS

This press release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) which reflects managements current expectations, estimates and projections about its operations. All statements, other than statements of historical facts, that address activities and events that will, should, could or may occur in the future are forward-looking statements. Words such as may, could, should, would, expect, plan, anticipate, intend, forecast, believe, estimate, predict, propose, potential, continue, or the negative of these terms and similar expressions are intended to identify such forward-looking statements.

These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Unless legally required, Golar undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise.

As a result, you are cautioned not to rely on any forward-looking statements. Actual results may differ materially from those expressed or implied by such forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise unless required by law.

Hamilton, Bermuda

October 21, 2019

Enquiries:

Golar Management Limited: + 44 207 063 7900

Stuart Buchanan

Eduardo Maranhao

   

Innkalling til ekstraordinær generalforsamling

Company news

2019-10-21 14:54:56

Det innkalles til ekstraordinær generalforsamling i Instabank ASA 5. november 2019 kl. 14.00 i Selskapets lokaler i Drammensveien 175, 0277 Oslo.
Til behandling er styrefullmakt til opptak av ansvarlig lån og fondsobligasjoner. Nærmere informasjon finnes på https://instabank.no/om-oss/investor/generalforsamling

   

Golar LNG Limited Q3 2019 results presentation

Company news

2019-10-21 13:40:02

Golar LNG's 3rd Quarter 2019 results will be released before the NASDAQ opens on Tuesday November 26, 2019. In connection with this a webcast presentation will be held at 3:00 P.M (London Time) on Tuesday, November 26, 2019. The presentation will be available to download from the Investor Relations section at www.golarlng.com

This webcast will be immediately followed by a Q&A session. Participants will be able to join the webcast by dialling-in using the following details:

a. Webcast

Go to the Investors, Results Centre section at www.golarlng.com and click on the link to "Webcast". To listen to the conference call from the web, you need to have installed Windows Media Player, and you need to have a sound card on your computer.

b. Teleconference

Call-in numbers:
International call +44 2071 928 000
UK Free call 0800 376 7922
US Toll +1 631 510 7495
USA Free call 866 966 1396
Norway Toll +47 23 96 02 64
Norway Free call 800 51874
The participants will be asked for their name and conference ID. The Golar conference ID is 6289311

There will be a Q&A session after the presentation. Information on how to ask questions will be given at the beginning of the Q&A session. There will be a limit of two questions per participant.

Please download the presentation material from www.golarlng.com (Investors, Results Centre) to view it while listening to the conference.

If you are not able to participate at the time of the call, you can either listen to a replay of the conference call on www.golarlng.com (Investors, Results Centre), or listen to a playback by dialling:

United Kingdom +44 3333 009 785
United States +1 917 677 7532
Norway +47 21 03 42 35
- followed by replay access number 6289311.   This service will be available for the 7 days immediately following the scheduled event.

   

The following issues were unanimously adopted at the extraordinary general meeting in Andfjord Salmon AS on October 16, 2019

Company news

2019-10-18 14:28:30

The following issues were unanimously adopted at the extraordinary general meeting on October 16, 2019

The company's balance sheet as at 31 August 2019 was presented to the general meeting together with an auditor's statement, in which the auditor confirms the company's financial position and which shows an equity of NOK 151 078 807.

The General Assembly passed the following unanimous resolution:

"The Annual General Meeting approves the Company's Balance Sheet as of August 31, 2019".

CAPITAL INCREASE BY FUNDING ISSUE, Section 10-20 of the Companies Act
The Board of Directors proposed to the general meeting that the nominal value of the shares be increased with the addition of NOK 0.99 per share from the Company's Share Price Fund, a total of NOK 29 575 656.00. The nominal value is, therefore, after completion of the bonus issue, NOK 1 per share.

The general meeting approved the board's proposal and adopted the following unanimous resolution:

"The company's share capital is increased from NOK 298,744 by NOK 29,575,656 to NOK 29,874,400 by increasing the face value per share from NOK 0.01 by NOK 0.99 to NOK 1.
The share capital is increased by transferring the subscription amount from the Company's share premium fund to share capital.
Paragraph 4 of the Company's Articles of Association was amended to read as follows:
§ 4 - Share capital
The company's share capital is NOK 29 874 400, divided into 29 874 400 shares of NOK 1. "

CHOICE OF NEW AUDITOR

In connection with planned listing on the Oslo Stock Exchange in connection with later capital raising,
the Board of Directors has recommended the general meeting to elect State Authorized Public Accountant Ernst & Young AS as the new auditor for the company.

Against this background, the General Assembly adopted the following unanimous resolution:

"State Authorized Public Accountant Ernst & Young AS was elected Andfjord Salmon AS's new auditor."

http://www.andfjordsalmon.com  

Følgende saker ble enstemmig vedtatt på ekstraordinær generalforsamling i Andfjord Salmon AS 16 oktober 2019

Company news

2019-10-18 14:25:28

Følgende saker ble enstemmig vedtatt på ekstraordinær generalforsamling 16 oktober 2019

Selskapets mellombalanse pr 31. august 2019 ble fremlagt generalforsamlingen sammen med en revisorerklæring, hvor revisor bekrefter selskapets finansielle stilling og som viser en egenkapital på NOK 151 078 807.

Generalforsamlingen fattet følgende enstemmige vedtak:

"Generalforsamlingen godkjenner Selskapets Mellombalanse pr 31. august 2019 ".

KAPITALFORHØYELSE VED FONDSEMISJON, JFR. AKSJELOVEN § 10-20
Styret foreslo for generalforsamlingen at aksjenes pålydende økes med tilførsel av NOK 0,99 per aksje fra Selskapets Overkursfond, totalt NOK 29 575 656,00. Pålydende blir dermed, etter gjennomføring av fondsemisjonen, NOK 1 per aksje.

Generalforsamlingen sluttet seg til styrets forslag og fattet følgende enstemmige vedtak:

"Selskapets aksjekapital økes fra NOK 298 744 med NOK 29 575 656 til NOK 29 874 400 ved at pålydende per aksje økes fra NOK 0,01 med NOK 0,99 til NOK 1.
Aksjekapitalen økes ved at tegningsbeløpet overføres fra Selskapets overkursfond til aksjekapital.
Punkt 4 i Selskapets vedtekter ble vedtatt endret til å lyde som følger:
§ 4 – Aksjekapital
Selskapets aksjekapital er NOK 29 874 400, fordelt på 29 874 400 aksjer á NOK 1."

VALG AV NY REVISOR

I forbindelse med planlagt notering på Oslo børs i forbindelse med senere kapitalinnhenting
har styret anbefalt generalforsamlingen å velge Statsautorisert revisor Ernst & Young AS som ny revisor for selskapet.

På denne bakgrunn fattet generalforsamlingen følgende enstemmige vedtak:

"Statsautorisert revisor Ernst & Young AS ble valgt som Andfjord Salmon AS nye revisor."

http://www.andfjordsalmon.com Signert protokoll eogf 16 okt 2019.pdf

Aprila Bank ASA: Invitation to presentation of Q3 2019

Company news

2019-10-18 13:46:26

Aprila Bank ASA reports the interim results for the third quarter on 1 November 2019. A presentation will be held at Pareto Securities’ premises in Dronning Mauds gate 3, 8th floor at 09.30.

Please register your attendance with Henriette Christensen at henriette@paretosec.com.

The presentation will be available on the company's website:

https://aprila.no/om-aprila/investor-relations/

Contact person at Aprila Bank ASA:
Kjetil Barli, CFO, tel: +47 908 42 016

   

KRAB 3Q19 Kraft Bank ASA

Company news

2019-10-18 11:06:44

Fortsatt vekst og lønnsom drift, 4,1% EK avkastning i kvartalet
- Netto utlånsvekst var 88 millioner kroner
- Utlån til kunder var 801 millioner kroner per 30. september 2019
- Resultat etter skatt var 2,9 millioner kroner
- Resultat hittil i år 1,9 millioner etter skatt
-Ren kjernekapitaldekning var 55,9 %
- Uendret målsetning for utlån ved årsslutt 2019 på i overkant av 900 millioner kroner
- Målsetninger for 2020 vil bli kommunisert i følge med resultat for 4. kvartal
- Banken forventer økt utlånsvekst og lønnsomhet for fjerde kvartal 2019

Ved spørsmål kontakt:
Svein Ivar Førland, Adm. Dir. mob, 90644191
Ole Jacob Olsnes, CFO, mob 93054192

  3Q19 Kraft Bank ASA.pdf

Atlantica Tender Drilling Ltd. (ATDL) AGM and Change in Board of Directors

Company news

2019-10-17 22:55:45

Reference is made to the notice of Annual General Meeting (AGM) published on October 08, 2019. The AGM was held on October 16, 2019. All proposed resolutions were adopted.

Following the AGM, the board of directors of Atlantica Tender Drilling Ltd (ATDL) is as follows:

Mr. Helge Haakonsen – Chairman
Mr. Pål Reiulf Olsen – Deputy Chairman
Mr. Alf C Thorkildsen – Newly elected
Mr. Kristan Bodden – Newly elected

For further information, please contact:

Reese McNeel
CFO
Atlantica Tender Drilling Ltd
reese.mcneel@atlanticatd.com
+47 41508186

Https://www.atlanticatd.com  

CASTOR : Castor Maritime Inc. Announces Vessel Acquisition

Company news

2019-10-17 15:47:30

Castor Maritime Inc. Announces Vessel Acquisition

Limassol, Cyprus, October 17, 2019 – Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry-bulk vessels, today announced that on October 14, 2019, through a separate wholly-owned subsidiary, it has entered into an agreement to purchase a 2005 Japan built Panamax dry bulk carrier for a purchase price of $10.2 million from a third party in which a family member of Castor’s Chairman, Chief Executive Officer and Chief Financial Officer has an interest.

The acquisition is expected to be consummated by taking delivery of the vessel by the end of October 2019 and is subject to the satisfaction of certain customary closing conditions.

Petros Panagiotidis, Chairman, Chief Executive Officer and Chief Financial Officer of Castor, commented:

“We are very pleased to announce the acquisition of our third dry bulk carrier. This is the second acquisition since our listing on NASDAQ last February. Consistent with our ambitious growth plan, we remain focused on seeking out future opportunities to expand our fleet in a manner that will be accretive to both our earnings and cash flows.”

About Castor Maritime Inc.

Castor Maritime Inc. is an international provider of shipping transportation services through its ownership of dry bulk vessels. The Company’s vessels are employed primarily on medium-term charters and transport a range of dry bulk cargoes, including such commodities as coal, grain and other materials along worldwide shipping routes.

Upon completion of this acquisition, the Company's fleet will consist of three Panamax dry bulk carriers.

For more information please visit the company’s website at www.castormaritime.com

Cautionary Statement Regarding Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “plan,” “potential,” “will,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. In addition to these important factors, other important factors that, in the Company’s view, could cause actual results to differ materially from those discussed in the forward‐looking statements include general dry bulk shipping market conditions, including fluctuations in charterhire rates and vessel values, the strength of world economies the stability of Europe and the Euro, fluctuations in interest rates and foreign exchange rates, changes in demand in the dry bulk shipping industry, including the market for our vessels, changes in our operating expenses, including bunker prices, dry docking and insurance costs, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, the availability of financing and refinancing and grow our business, vessel breakdowns and instances of off‐hire, risks associated with vessel construction, potential exposure or loss from investment in derivative instruments, potential conflicts of interest involving our Chief Executive Officer, his family and other members of our senior management, and our ability to complete acquisition transactions as planned. Please see our filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof, and the Company disclaims any intention or obligation to update any forward‐looking statements as a result of developments occurring after the date of this communication.

CONTACT DETAILS
For further information please contact:

Petros Panagiotidis
Castor Maritime Inc.
Email: info@castormaritime.com

Media Contact:
Kevin Karlis
Capital Link
Email: castormaritime@capitallink.com

http://castormaritime.com/ Castor Maritime Inc. Announces Vessel Acquisition.pdf

Endring av aksje: Wiral Technologies AS (WIRAL-FF)

Corporate actions

2019-10-17 11:25:41

Det er foretatt endringer i Wiral Technologies AS (ISIN:NO000000000, ticker WIRAL-FF). Aksjebeholdningen er øket fra 38 912 til 389 120.

   

WIRAL-FF: Det er gjennomført en aksjesplitt Wiral Technologies

Corporate actions

2019-10-17 11:24:52

Det er gjennomført en aksjesplitt i forholdet
1:10 ved at hver aksje med pålydende NOK 1
splittes i 10 aksjer med pålydende NOK 0,10 per
aksje. For aksjeeierne innebærer dette at for
hver aksje de eier pålydende NOK 1, blir de etter
aksjesplitten eier av 10 aksjer pålydende NOK
0,10. Som følge av aksjesplitten er vedtektene § 3
(tidligere § 4) endret til å lyde som følger:
«Aksjekapitalen er NOK 38 912 fordelt på 389
120 aksjer, hver pålydende NOK 0,10.

   

Report Q3 2019

Company news

2019-10-16 14:01:06

Please find attached investor presentation for Q3 2019.

https://www.avidafinance.com Avida investor presentation - 2019Q3.pdf

NHST Media Group Kvartalsrapport 3. kvartal 2019

Company news

2019-10-15 20:32:11

  NHST Media Group kvartalsrapport 3. kvartal 2019.pdf

Atlantica Tender Drilling Ltd. (ATDL) Notice of Completed Rights Issue

Company news

2019-10-15 19:40:16

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN OR INTO THE UNITED STATES, AUSTRALIA, HONG KONG, SOUTH AFRICA, NEW ZEALAND, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

Bermuda, October 15, 2019 – Reference is made to the NOTC stock exchange notice published by Atlantica Tender Drilling Ltd. ("ATDL" or the "Company") concerning the private equity offering directed solely to its existing shareholders of up to USD 5 million, through the issuance of new shares and the sale of treasury shares (the "Private Placement"). (the "Private Placement").

The Private Placement has been completed, raising USD 5,000,000.00 through the allocation of 40,875,955 new shares and the transfer of 9,124,045 treasury shares (the "Private Placement Shares") at a subscription price of USD 0.10 per share.

Eligible investors who have subscribed for Private Placement Shares and have been allocated shares will receive an allocation notice directly from the Company. The allocation notice will confirm the number of Private Placement Shares so allotted and contain payment instructions. Final settlement is expected to occur on October 28, 2019.

For further information, please contact:

Reese McNeel
CFO
Atlantica Tender Drilling Ltd
+47 415 08 186
reese.mcneel@atlanticatd.com

Https://www.atlanticatd.com  

Norwegian Crystals - Preparing for Expansion

Company news

2019-10-15 14:04:53

Norwegian Crystals calls for Annual Shareholders Meeting 24 October to approve 2018 Annual Audited Accounts and present plan for further expansion.

  NCR_announcement_191015.pdf

Office address

Postal address

Fjordalléen 16

Postboks 1501 Vika

0117 Oslo

Phone

Email

(+47) 23 11 17 41

post@notc.no