Brief: Toro Corp. Announces Entry Into Subscription Agreement For The Issuance Of 8,500,000 Common Shares

Toro

17/04/2023 15:33

Toro Corp  TORO.O :
    * TORO CORP. ANNOUNCES ENTRY INTO SUBSCRIPTION AGREEMENT FOR
THE
ISSUANCE OF 8,500,000 COMMON SHARES
    * TORO CORP - INTENDS TO USE NET PROCEEDS FROM SALE OF
PURCHASED
SHARES FOR VESSEL ACQUISITIONS, INCLUDING TO RENEW ITS FLEET
    * TORO CORP -  AGREED TO ISSUE & SELL, AND PANI CORP AGREED
TO
PURCHASE 8.5 MILLION COMMON SHARES AT USD$2.29/SHARE, FOR GROSS
PROCEEDS OF USD$19.5 MILLION

Source text for Eikon:  ID:nGNXyL2GH 
Further company coverage:  TORO.O