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Tuff-Stuff

02/12/14 5:53 AM

#533821 RE: Tuff-Stuff #533820

Paragon Shipping (PRGN) -9.1% AH after announcing a public offering of common stock of an undisclosed size.
PRGN plans to use the proceeds toward vessel acquisitions with the balance for general corporate purposes, including working capital and the repayment of debt.