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Stock impact report

Nordic American Tankers Ltd (NYSE: NAT) - NAT announces ATM agreement - REVISED

Nordic American Tankers Limited (NAT) 
Last nordic american tankers limited earnings: 2/18 06:51 am Check Earnings Report
US:NYSE Investor Relations: nat.bm/investor-relations
Company Research Source: GlobeNewswire
Hamilton, Bermuda, March 31, 2019    Nordic American Tankers Limited (NYSE: NAT) has entered into an At-The-Market Issuance Agreement ("ATM") dated March 29, 2019, with the investment banking firm, B. Riley FBR, Inc., as the sales agent. Under the ATM and over a period of about 3 years, NAT may, at its discretion during the term of the ATM, sell up to a maximum of $40 million of common shares of NAT. The ATM sales, if any, will be made at market prices.  It is not an obligation for NAT to sell any shares under the ATM.  The establishment of the ATM is in harmony with the conservative financial policy of NAT and provide a tool for NAT to ensure that we have the financial flexibility at all times. The shares issued under the ATM, if any, will be pursuant to a prospectus supplement and an accompanying prospectus filed as part of an effective shelf registration statement filed with the Securities and Exchange Commission on Form F-3.  Copies of the prospectus supplement a Show less Read more
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