HAMILTON, BERMUDA--(Marketwire - Mar 13, 2012) -
HAMILTON, Bermuda, March 13, 2012 - Knightsbridge Tankers
("Knightsbridge") (Nasdaq: VLCCF) today announced that Golden Ocean
Limited is offering to sell 2,438,199 Knightsbridge common shares
underwritten public offering pursuant to an effective shelf
statement filed with the Securities and Exchange Commission. Goldman,
Co. is acting as the sole underwriter for the offering. All net proceeds
the sale of the common shares will be received by the selling
Knightsbridge will not receive any of the proceeds.
A copy of the prospectus relating to these securities may be obtained,
available, from Goldman, Sachs & Co., Prospectus Department, 200 West
New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316,
emailing email@example.com, or alternatively, when it
available, for free by visiting EDGAR on the SEC website at www.sec.gov.
This press release shall not constitute an offer to sell, nor the
of an offer to buy, Knightsbridge common shares or any other
shall there be any sale of securities mentioned in this press release
state in which such offer, solicitation or sale would be unlawful
registration or qualification under the securities laws of any such state.
Cautionary Notice Regarding Forward-looking Statements
Matters discussed in this press release may constitute forward-
statements. The Private Securities Litigation Reform Act of 1995 provides
harbor protections for forward-looking statements in order to
companies to provide prospective information about their business.
looking statements include statements concerning plans, objectives,
strategies, future events or performance, and underlying assumptions and
statements, which are other than statements of historical facts.
Knightsbridge desires to take advantage of the safe harbor provisions
Private Securities Litigation Reform Act of 1995 and is including
cautionary statement in connection with this safe harbor legislation. The
"believe," "except," "anticipate," "intends," "estimate," "forecast,"
"plan," "potential," "will," "may," "should," "expect" "pending" and
expressions identify forward-looking statements.
The forward-looking statements in this document are based upon
assumptions, many of which are based, in turn, upon further
including without limitation, our management's examination of
operating trends, data contained in our records and other data available
third parties. Although we believe that these assumptions were reasonable
made, because these assumptions are inherently subject to
uncertainties and contingencies which are difficult or impossible to
are beyond our control, we cannot assure you that we will achieve or
these expectations, beliefs or projections.
In addition to these important factors, important factors that, in our
could cause actual results to differ materially from those discussed
forward-looking statements include the strength of world economies
currencies, general market conditions, including fluctuations in
rates and vessel values, changes in demand in the tanker market, as a
changes in OPEC's petroleum production levels and worldwide oil
storage, changes in Knightsbridge's operating expenses, including bunker
drydocking and insurance costs, the market for Knightsbridge's
availability of financing and refinancing, changes in governmental
regulations or actions taken by regulatory authorities, potential liability
pending or future litigation, general domestic and international
conditions, potential disruption of shipping routes due to
political events, and other important factors described from time to time
reports filed by Knightsbridge with the Securities and Exchange Commission.
Source: Knightsbridge Tankers Limited
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(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Knightsbridge Tankers Limited via Thomson Reuters ONE