Shipping company Golden Ocean Group raised about U$7.8 million through a subsequent offering of 34.37 million new shares.
The company was able to sell about 13.37 new shares at NOK 5.00 per share.
The subscription period ended on March 11, 2016.
The company is expected to issue new shares under the subsequent offering on or about March 18.
Golden Ocean Group is engaged in the transportation of dry bulk cargoes in the Capesize and Panamax markets.