Western Bulk Chartering has closed the book on an $18m private placement.
It printed 4.6 million new shares at NOK 33.40 each to complete a fundraiser first announced in late February.
Jens Ismar, chief executive of Western Bulk, said in a statement that the company’s largest shareholders had supported the transaction.
He says the company’s cash position has been raised to $50m, including an undrawn credit line.
Pareto
