Oil tanker shipping company sells 100 million of its shares at $2.85
By Devika Patel
Knoxville, Tenn., Dec. 16 - Frontline Ltd. said its subsidiary, Frontline 2012 Ltd., settled a $285 million private placement of stock.
The company sold 100 million ordinary shares at $2.85 apiece.
The oil tanker shipping company is based in Oslo.
| Issuer: | Frontline 2012 Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | $285 million
|
| Shares: | 100 million
|
| Price: | $2.85
|
| Warrants: | No
|
| Settlement date: | Dec. 16
|
| Stock symbol: | Oslo: FRO
|
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