Co-Investing

Yesterday, Euroseas Ltd. announced that it has entered into a letter of intent with Eton Park Capital Management (“Eton”), on behalf of one or more funds managed by it, and Rhone Capital III (“Rhone”) to form a joint venture to pursue investment opportunities in shipping. Euroseas will contribute $25 million to the venture with Eton and Rhone expected to contribute $75 million each.

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