latest news releases from the newsroom
Frontline Ltd. - Sale of Vessel
HAMILTON, Bermuda, June 14, 2007 (PRIME NEWSWIRE) -- Frontline Ltd. ("Frontline") is pleased to announce that it has agreed to sell its 1988-built single hull Suezmax tanker Front Horizon for net sale proceeds of $28 million. Delivery to buyers is expected to take place in the period July to August 2007. The buyer of the vessel is a joint venture where Frontline's Chairman John Fredriksen has an indirect interest in one of the Joint Venture partners. The vessel will stop active trading and is intended to be used for other purposes.
Wireless Ronin Technologies, Inc.
Wireless Ronin Technologies Prices Equity Follow-On Offering
MINNEAPOLIS, June 14, 2007 (PRIME NEWSWIRE) -- Wireless Ronin Technologies, Inc. (Nasdaq:RNIN), a Minneapolis-based digital signage solutions provider, announced today the pricing of an underwritten public offering of 4,600,000 shares of common stock at $7.00 per share before underwriting discounts and commissions. The company is offering 3,600,000 shares of common stock and a selling shareholder is offering 1,000,000 shares. Wireless Ronin has granted to the underwriters a 45-day option to purchase up to an additional 690,000 shares of common stock to cover any over-allotments. The company will not receive any of the proceeds from the sale of shares by the selling shareholder.