Athens, Greece, December 20, 2016 Globus Maritime Limited (“Globus,” or the “Company”), (NASDAQ: GLBS), a dry bulk shipping company, announced today an update regarding its proposed $5 million private placement and conversion of outstanding loans.
While the private placement and conversion of outstanding loans were initially expected to close on December 22, 2016, the parties have agreed that closing the transaction will occur on January 13, 2017, or as soon as practicable thereafter, unless otherwise agreed by the parties.
This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, or any other securities laws and may not be offered or sold in the United States or to a U.S. person absent registration or an applicable exemption from registration requirements.
About Globus Maritime Limited
Globus is an integrated dry bulk shipping company that provides marine transportation services worldwide and presently owns, operates and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina and other dry bulk cargoes internationally. Globus’ subsidiaries own and operate five vessels with a total carrying capacity of 300,571 DWT and a weighted average age of 8.8 years as of December 15, 2016.