Globus Maritime Announces Update Regarding Private Placement

TIN news:  Globus Maritime Limited, a dry bulk shipping company, announced that its previously disclosed private placement and conversion of debt will not occur as planned. The transaction was previously described in the Company’s press release issued on November 28, 2016 and Current Report on Form 6-K filed with the Securities and Exchange Commission on November 29, 2016. These transactions with multiple parties had to all close simultaneously, but one party has not agreed to consummate the transaction.
This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, or any other securities laws and may not be offered or sold in the United States or to a U.S. person absent registration or an applicable exemption from registration requirements.
Globus is an integrated dry bulk shipping company that provides marine transportation services worldwide and presently owns, operates and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina and other dry bulk cargoes internationally. Globus’ subsidiaries own and operate five vessels with a total carrying capacity of 300,571 DWT and a weighted average age of 8.8 years as of December 31, 2016.