Replies to post #1239 on Top Ships Inc (TOPS)

[oil export]

TOP Ships Inc. (the "Company") announced today that since June 16, 2017 it has issued and sold 776,525 common shares par value $0.01 per share pursuant to its previously announced purchase agreement by and among the Company and Kalani Investments Limited dated February 2, 2017, as amended (the "Purchase Agreement"). As of the date hereof, up to $10.7 million worth of shares is remaining that the Company may sell pursuant to the Purchase Agreement. Furthermore the Company issued 6,502,660 common shares par value $0.01 per share pursuant to conversions of 2,815 Series C convertible preferred shares. As of the date hereof, the Company has 4,685 Series C convertible preferred shares outstanding. Mainly as a result of these issuances the Company currently has issued and outstanding 8,640,174 shares

[oil export]

TOP Ships Inc. (the "Company") announced today that since June 16, 2017 it has issued and sold 776,525 common shares par value $0.01 per share pursuant to its previously announced purchase agreement by and among the Company and Kalani Investments Limited dated February 2, 2017, as amended (the "Purchase Agreement"). As of the date hereof, up to $10.7 million worth of shares is remaining that the Company may sell pursuant to the Purchase Agreement.