Oslo bulker operator Western Bulk is eyeing three share issues to boost its capital.
The world's third-largest supramax company said investors will vote on a capital increase of NOK 120m ($13.2m). It will be carried out through a conversion of outstanding debt of $13.13m owed to main shareholder Christen Sveaas' Kistefos, which has 77.5% of the stock already.
The extraordinary general meeting will be held on 19 December.
