Epic Gas in private placement

Epic Gas in private placement

Singapore: Epic Gas is pushing through a private placement of 22.22m new shares to existing shareholders. The subscription price has been set at $2.25 per new share.

The subscription period runs from today to July 1.

The private placement will be fully subscribed by affiliates of the founders of the company.

Clarksons Platou Securities is the manager of the private placement.

The new shares will rank equal to the company’s already issued shares in all respects and carry equivalent rights to existing shares as from the date they are issued.

Epic Gas, founded three years ago, owns and operates a fleet of 45 LPG vessels.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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