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GLOBAL OCEAN CARRIERS EXTENDS RIGHTS OFFERING; RESCHEDULED TO EXPIRE ON DEC. 6, 1991

 GLOBAL OCEAN CARRIERS EXTENDS RIGHTS OFFERING;
 RESCHEDULED TO EXPIRE ON DEC. 6, 1991
 PIRAEUS, Greece, Nov. 27 /PRNewswire/ -- Global Ocean Carriers (AMEX: GLO) announced today that the expiration date of its rights offering to shareholders has been extended until Friday, Dec. 6, 1991 at 5 p.m., New York time.
 The offering of up to 1,200,000 shares of common stock at a price of $4.50 per share to shareholders of record Nov. 8, 1991 was originally scheduled to expire at 5 p.m., New York time, on Nov. 29, 1991. Payment in full for shares of common stock subscribed for must be tendered to the subscription agent, together with the executed subscription certificate. Certain eligible institutions may utilize a guaranteed delivery procedure.
 Copies of the prospectus are available from D.F. King & Co., Inc., New York, N.Y. The Bank of New York is the subscription agent.
 -0- 11/27/91
 /CONTACT: Michael Jolliffe, 011-301-411-8911, or James Fairbairn, 011-4471-377-1030, or 011-4481-994-2687, both of Global Ocean Carriers; or Jennifer R. Wall or Peter C. Harkins of D.F. King & Co., 212-269-5550, for Global Ocean Carriers/
 (GLO) CO: Global Ocean Carriers ST: IN: MAR SU: OFR


JT-SH -- NY014 -- 7696 11/27/91 11:03 EST
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Publication:PR Newswire
Date:Nov 27, 1991
Words:206
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