Wednesday, March 01, 2023 7:54:08 AM
shipping company specializing in the ownership of tanker vessels, today announced that it has provided notice of termination of
the ATM Sales Agreement with Virtu Americas LLC dated December 9, 2022 (the “ATM Agreement”). The Company is
terminating the ATM Agreement because it does not intend to raise additional capital or sell additional shares under the ATM
Agreement.
Prior to termination, the Company issued and sold 365,196 shares of its common stock under the ATM Agreement at an average
price per share of US$3.30, raising total gross proceeds of approximately US$1.2 million.
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