Dorian LPG Ltd. Announces Closing Of $100 Million Private Placement And Registration Of Shares - WLNS TV 6 Lansing - Jackson | Your Local News Leader

Dorian LPG Ltd. Announces Closing Of $100 Million Private Placement And Registration Of Shares

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE Dorian LPG Ltd.

STAMFORD, Conn., Feb. 12, 2014 /PRNewswire/ -- Dorian LPG Ltd. ("Dorian LPG" or the "Company") is pleased to announce the closing of the previously announced Private Placement of  28,246,000 new common shares at a subscription price of NOK 22.00 per share, raising approximately $100 million in gross proceeds  (the "Private Placement"), and the registration of the newly issued shares on the Norwegian Over The Counter list in Oslo under the ticker "DORIAN".

The Company plans to use the net proceeds from the Private Placement to part finance the ECO-class VLGCs currently under construction and for general corporate purposes including working capital and transaction costs.

RS Platou Markets AS (bookrunner), Arctic Securities ASA and DNB Markets, acted as joint lead managers for the Private Placement.

For further information, please contact:

Marina Hadjipateras, Corporate Communications:
Tel.: +1 (203) 978-1234 / Mob.: +1 (203) 722-5087
or
Ted Young, CFO: Tel: +1 (203) 978-1234

About Dorian LPG Ltd.

Dorian LPG is a pure-play LPG shipping company and a leading owner and operator of modern VLGCs.  Dorian LPG currently owns and operates three modern VLGCs and one pressurized LPG vessel. In addition, Dorian LPG has 16 ECO VLGC newbuildings under construction and holds options for an additional three ECO VLGC newbuildings.  Dorian LPG has offices in Connecticut, USA; London, United Kingdom and Piraeus, Greece. Additional information about the Company canbe found on the Company's website: www.dorianlpg.com.

©2012 PR Newswire. All Rights Reserved.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WLNS. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.

Click Here to link to the FCC's public inspection file for WLNS-TV and Here to view the WLAJ-TV file. Persons with Disabilities who need assistance with issues relating to the content of this station's FCC public inspection file should contact: Teresa Morton- Program Director for WLNS and WLAJ at 517-372-8282. Questions or concerns relating to the accessibility of the FCC's public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or fccinfo@fcc.gov.