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Ardmore Shipping conducts $25 million open market offering of stock
Agent Jefferies helps in raising funds for general corporate purposes
By Devika Patel
Knoxville, Tenn., Aug. 26 – Ardmore Shipping Corp. negotiated a $25 million open market equity sale with Jefferies & Co., according to a prospectus supplement filed Friday with the Securities and Exchange Commission.
Jefferies will be paid a 2% commission.
Proceeds will be used for general corporate purposes.
Ardmore is a Hamilton, Bermuda-based transporter of petroleum products and chemicals.
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