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A Shelf and an Exit – Knightsbridge Files

Last week, Knightsbridge Tankers Limited filed a shelf registration to sell up to $200 million in securities including any of the following: common shares, preferred shares, debt securities, warrants, purchase contracts and units. The filing also provides for a secondary offering for the sale of up to 2,438,199 shares by the Golden Ocean Group Limited which received these shares as partial consideration for the sale of the two Capesize vessels to Knightbridge.

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