New Issue: Eitzen Maritime Services arranges NOK 34,482,000 private placement of stock

By Devika Patel

Knoxville, Tenn., Aug. 2 - Eitzen Maritime Services ASA announced it has secured from a NOK 34,482,000 private placement of stock.

The company sold 12,315,000 shares at NOK 2.80 per share.

Proceeds will be used to help pay for the acquisition of the Provimar Group. The offering is subject to the completion of that deal, which is scheduled to occur within seven working days.

Eitzen Maritime Services ASA, formerly Stromme ASA, is a Lysaker, Norway-based company active in the shipping industry.

Issuer:	Eitzen Maritime Services ASA
Issue:	Shares
Amount:	NOK 34,482,000
Shares:	12,315,000
Price:	NOK 2.80
Warrants:	No
Pricing date:	Aug. 2
Stock symbol:	Oslo: EMS
Stock price:	NOK 3.63 at close Aug. 1

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