Aurora Completes Private Placement

After successfully delivery of the Aurora Taurus in April, Aurora LPG Holding AS also took delivery of the LPG Tanker Aurora Leo (former Mill Reef) in the beginning of June.

Aurora Leo (former Mill Reef)

The company also announced that the “conditions for completion” of the previously announced private placement have been met, i.a. execution of corporate resolutions, execution of the purchase contract for the second hand vessel, soft commitment for bank financing.

The size of the private placement is approx $50 million at a subscription price of NOK 47 per share (in total 6.388,811 new ordinary shares). Following the private placement, the company now has 29.678.379 issued shares.

Aurora currently has four units under construction at HHI and has options for additional two + two vessels with delivery from May 2016 at $76 million.

June 9, 2014

Share this article

Follow World Maritime News

In Depth>


<< Nov 2019 >>
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

Salvage & Wreck

Salvage and Wreck Removal Conference will focus on Casualty management case studies, Dealing with hazardous cargo and container ship fires…

read more >

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >