Home MarketsDry Bulkcarriers Globus Maritime Closes $2.5 Million Equity Private Placement

Globus Maritime Closes $2.5 Million Equity Private Placement

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Athens, Greece,  October 19, 2017 Globus Maritime Limited (“Globus,” or the “Company”), (NASDAQ: GLBS), a dry bulk shipping company, announced today that it has signed a share and warrant purchase agreement providing for the issuance, for gross proceeds of $2.5 million, of an aggregate of 2.5 million shares of common stock, par value $0.004 per share and warrants to purchase 12.5 million shares of common stock at a price of $1.60 per share, in a private placement to a private investor. The Company intends to use the proceeds from the sale of common shares and warrants for general corporate purposes and working capital. The private placement closed today.

Mr. Georgios Feidakis, Globus’s Chairman, stated: “We are pleased by this demonstration of confidence in our company from our new investor, United Capital Investments Corp., led by Mr. Victor Restis.  Mr. Restis has significant experience in shipping and currently runs a fleet of approximately 40 vessels.  We continue to be committed to our customers and shareholders and anticipate this transaction will have a positive impact on the company’s growth.”

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 9.3 years as of June 30, 2017.

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