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Dato/tid 17.07.2017 16:25
Utsteder Golden Ocean Group Limited
UtstederID GOGL
Instrument
Marked OB
Kategori KAPITAL- OG STEMMERETTSENDRINGER
Informasjonspliktig   Informasjonspliktige opplysninger   Lagringspliktig melding
Vedlegg
Tittel GOGL - Delivery of dry bulk vessel
Tekst


Reference is made to the stock exchange notice dated March 14, 2017 where Golden
Ocean Group Limited (NASDAQ and OSE: GOGL) ("Golden Ocean" or the "Company")
announced that it has entered into agreements to acquire 16 modern dry bulk
vessels in an all-share transaction where the Company will issue in aggregate
17.8 million consideration shares.

The  Company is pleased to announce that it  has taken delivery of one vessel, Q
Deb  (to be renamed Golden Deb). Golden Ocean has issued 1,300,000 consideration
shares  to Quintana Shipping  Ltd. and associated  companies in exchange for the
vessel.  Following this transaction,  the Company's issued  share capital is USD
6,566,149.60 divided  into 131,322,992 issued shares, each  with a nominal value
of USD 0.05.

July 17, 2017
Hamilton, Bermuda

The Board of Directors
Golden Ocean Group Ltd.

                                      ***
                           Forward-Looking Statements

Matters   discussed   in  this  press  release  may  constitute  forward-looking
statements.  The Private Securities Litigation  Reform Act of 1995 provides safe
harbor  protections  for  forward-looking  statements,  which include statements
concerning  plans, objectives, goals, strategies,  future events or performance,
and underlying assumptions and other statements, which are other than statements
of   historical   facts.  Words  such  as  "believe",  "anticipate",  "intends",
"estimate",   "forecast",   "project",  "plan",  "potential",  "may",  "should",
"expect", "pending" and similar expressions identify forward-looking statements.

The  forward-looking statements  in this  press release  are based  upon various
assumptions.   Although we believe  that these assumptions  were reasonable when
made,   because   these   assumptions  are  inherently  subject  to  significant
uncertainties and contingencies which are difficult or impossible to predict and
are  beyond our control, we cannot assure you that we will achieve or accomplish
these  expectations, beliefs  or projections.  The information  set forth herein
speaks  only as of the date hereof,  and we disclaim any intention or obligation
to  update any forward-looking statements as  a result of developments occurring
after the date of this communication.

In  addition to these important factors  and matters discussed elsewhere herein,
important  factors  that,  in  our  view,  could  cause actual results to differ
materially  from those discussed  in the forward-looking  statements include the
strength  of  world  economies,  fluctuations  in currencies and interest rates,
general  market  conditions,  including  fluctuations  in charter hire rates and
vessel  values,  changes  in  demand  in  the  dry  bulk  market, changes in our
operating expenses, including bunker prices, drydocking and insurance costs, the
market  for our  vessels, availability of  financing and refinancing, changes in
governmental  rules and regulations or  actions taken by regulatory authorities,
potential  liability  from  pending  or  future litigation, general domestic and
international  political conditions, potential disruption of shipping routes due
to  accidents,  political  events  or  acts  by  terrorists, and other important
factors described from time to time in the reports filed by the Company with the
Securities and Exchange Commission.


This information is subject to the disclosure requirements pursuant to section
5 -12 of the Norwegian Securities Trading Act.


 
    

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