Belships has put the wheels in motion for a private placement of new shares backed by company insiders.
The Oslo-listed bulk carrier owner aims to raise up to $15m through the issuance of around 18.6m new shares, which have been priced at NOK 7.00 each.
The application period for the private placement opens today after markets close in Oslo and will end at 08:00hrs on 29 May, a filing said on Tuesday.
