Golden Ocean Group Limited (NASDAQ and OSE: GOGL) ("Golden Ocean" or the "Company") today announced that it has commenced an equity offering (the "Offering") for issue of new common shares (the "New Shares") of the Company for gross proceeds of approximately USD 66 million. In addition to the Offering, the Company expects to issue additional new common shares with an estimated value of USD 34 million, at a per-share price equal to the offer price in the Offering, to Hemen Holding Limited, a Company indirectly controlled by trusts established by Mr John Fredriksen for the benefit of his immediate family ("Hemen") as partial consideration for two modern Capesize vessels to be acquired from affiliated companies of Hemen, as previously announced (the "Equity in-kind Contribution"). The Offering and the Equity in-kind Contribution are expected to result in approximately USD 100 million of aggregate gross equity proceeds to the Company. The Company has engaged DNB Markets Inc., Arctic Securities LLC and Seaport Global Securities LLC (the "Placement Agents") as placement agents in connection with the Offering. The Offering will be directed towards institutional investors subject to applicable exemptions from European prospectus requirements. The minimum application and allocation amount has been set to the USD equivalent of EUR 100,000, provided that the Company reserves the right to, at its sole discretion, allocate lower amounts to investors to the extent applicable exemptions from the prospectus requirement pursuant to applicable regulations, including the Norwegian Securities Trading Act and ancillary regulations, are available. The Company intends to use a portion of the net proceeds of the Offering for payment of the cash portion payable for the vessels to be acquired from affiliated companies of Hemen, as announced today, and to use the balance for general corporate purposes.  The purchase price and number of New Shares issued in the Offering will be determined through an accelerated bookbuilding process. The bookbuilding period will start on October 16, 2017 at 4:00 pm New York time (10:00 pm Oslo time) and is expected to end on October 17, 2017 at 2:00 am New York time (08:00 am Oslo time). The Company reserves the right to close or extend the bookbuilding period at any time in its sole discretion, at short notice. The Placement Agents have prior to the launch of the Offering received significant indications of interest from investors to subscribe in the Offering for an amount well exceeding the transaction size. The allocation of the New Shares will be made at the sole discretion of the Company in consultation with the Placement Agents, on or about October 17, 2017, subject to any shortening or extension of the bookbuilding period. The New Shares allocated in the Offering are expected to be delivered against payment on or about October 19, 2017. The New Shares will commence to trade under the Company's ordinary trading symbol "GOGL" on NASDAQ on or about October 17, 2017, and can be traded on the Oslo Stock Exchange from on or about October 19, 2017 (expected from US markets open) subject to investors having made necessary arrangements to transfer shares from the Depository Trust Company in the US to the Norwegian Central Securities Depository (the VPS). Important Information for Investors and Shareholders The Offering will be made only by means of an application agreement, a term sheet and a prospectus supplement and accompanying base prospectus. A prospectus supplement related to the offering has been filed with the U.S. Securities and Exchange Commission (the "SEC") and is available on the SEC's website located at www.sec.gov.  Copies of the prospectus supplement and the accompanying base prospectus relating to the Offering may be obtained from contacting DNB Markets Inc. at 200 Park Ave, Floor 31, New York, NY 10166, telephone: +1 212 681 3800. This offering will be made pursuant to the Company's existing shelf registration statement on Form F-3 (Registration No. 333-211365) previously filed with the SEC and declared effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities, in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdictionGolden Ocean Group Limited (NASDAQ and OSE: GOGL) ("Golden Ocean" or the "Company") today announced that it has commenced an equity offering (the "Offering") for issue of new common shares (the "New Shares") of the Company for gross proceeds of approximately USD 66 million. In addition to the Offering, the Company expects to issue additional new common shares with an estimated value of USD 34 million, at a per-share price equal to the offer price in the Offering, to Hemen Holding Limited, a Company indirectly controlled by trusts established by Mr John Fredriksen for the benefit of his immediate family ("Hemen") as partial consideration for two modern Capesize vessels to be acquired from affiliated companies of Hemen, as previously announced (the "Equity in-kind Contribution"). The Offering and the Equity in-kind Contribution are expected to result in approximately USD 100 million of aggregate gross equity proceeds to the Company. The Company has engaged DNB Markets Inc., Arctic Securities LLC and Seaport Global Securities LLC (the "Placement Agents") as placement agents in connection with the Offering. The Offering will be directed towards institutional investors subject to applicable exemptions from European prospectus requirements. The minimum application and allocation amount has been set to the USD equivalent of EUR 100,000, provided that the Company reserves the right to, at its sole discretion, allocate lower amounts to investors to the extent applicable exemptions from the prospectus requirement pursuant to applicable regulations, including the Norwegian Securities Trading Act and ancillary regulations, are available. The Company intends to use a portion of the net proceeds of the Offering for payment of the cash portion payable for the vessels to be acquired from affiliated companies of Hemen, as announced today, and to use the balance for general corporate purposes.  The purchase price and number of New Shares issued in the Offering will be determined through an accelerated bookbuilding process. The bookbuilding period will start on October 16, 2017 at 4:00 pm New York time (10:00 pm Oslo time) and is expected to end on October 17, 2017 at 2:00 am New York time (08:00 am Oslo time). The Company reserves the right to close or extend the bookbuilding period at any time in its sole discretion, at short notice. The Placement Agents have prior to the launch of the Offering received significant indications of interest from investors to subscribe in the Offering for an amount well exceeding the transaction size. The allocation of the New Shares will be made at the sole discretion of the Company in consultation with the Placement Agents, on or about October 17, 2017, subject to any shortening or extension of the bookbuilding period. The New Shares allocated in the Offering are expected to be delivered against payment on or about October 19, 2017. The New Shares will commence to trade under the Company's ordinary trading symbol "GOGL" on NASDAQ on or about October 17, 2017, and can be traded on the Oslo Stock Exchange from on or about October 19, 2017 (expected from US markets open) subject to investors having made necessary arrangements to transfer shares from the Depository Trust Company in the US to the Norwegian Central Securities Depository (the VPS). Important Information for Investors and Shareholders The Offering will be made only by means of an application agreement, a term sheet and a prospectus supplement and accompanying base prospectus. A prospectus supplement related to the offering has been filed with the U.S. Securities and Exchange Commission (the "SEC") and is available on the SEC's website located at www.sec.gov.  Copies of the prospectus supplement and the accompanying base prospectus relating to the Offering may be obtained from contacting DNB Markets Inc. at 200 Park Ave, Floor 31, New York, NY 10166, telephone: +1 212 681 3800. This offering will be made pursuant to the Company's existing shelf registration statement on Form F-3 (Registration No. 333-211365) previously filed with the SEC and declared effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities, in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or Golden Ocean Group Limited (NASDAQ and OSE: GOGL) ("Golden Ocean" or the "Company") today announced that it has commenced an equity offering (the "Offering") for issue of new common shares (the "New Shares") of the Company for gross proceeds of approximately USD 66 million. In addition to the Offering, the Company expects to issue additional new common shares with an estimated value of USD 34 million, at a per-share price equal to the offer price in the Offering, to Hemen Holding Limited, a Company indirectly controlled by trusts established by Mr John Fredriksen for the benefit of his immediate family ("Hemen") as partial consideration for two modern Capesize vessels to be acquired from affiliated companies of Hemen, as previously announced (the "Equity in-kind Contribution"). The Offering and the Equity in-kind Contribution are expected to result in approximately USD 100 million of aggregate gross equity proceeds to the Company. The Company has engaged DNB Markets Inc., Arctic Securities LLC and Seaport Global Securities LLC (the "Placement Agents") as placement agents in connection with the Offering. The Offering will be directed towards institutional investors subject to applicable exemptions from European prospectus requirements. The minimum application and allocation amount has been set to the USD equivalent of EUR 100,000, provided that the Company reserves the right to, at its sole discretion, allocate lower amounts to investors to the extent applicable exemptions from the prospectus requirement pursuant to applicable regulations, including the Norwegian Securities Trading Act and ancillary regulations, are available. The Company intends to use a portion of the net proceeds of the Offering for payment of the cash portion payable for the vessels to be acquired from affiliated companies of Hemen, as announced today, and to use the balance for general corporate purposes.  The purchase price and number of New Shares issued in the Offering will be determined through an accelerated bookbuilding process. The bookbuilding period will start on October 16, 2017 at 4:00 pm New York time (10:00 pm Oslo time) and is expected to end on October 17, 2017 at 2:00 am New York time (08:00 am Oslo time). The Company reserves the right to close or extend the bookbuilding period at any time in its sole discretion, at short notice. The Placement Agents have prior to the launch of the Offering received significant indications of interest from investors to subscribe in the Offering for an amount well exceeding the transaction size. The allocation of the New Shares will be made at the sole discretion of the Company in consultation with the Placement Agents, on or about October 17, 2017, subject to any shortening or extension of the bookbuilding period. The New Shares allocated in the Offering are expected to be delivered against payment on or about October 19, 2017. The New Shares will commence to trade under the Company's ordinary trading symbol "GOGL" on NASDAQ on or about October 17, 2017, and can be traded on the Oslo Stock Exchange from on or about October 19, 2017 (expected from US markets open) subject to investors having made necessary arrangements to transfer shares from the Depository Trust Company in the US to the Norwegian Central Securities Depository (the VPS). Important Information for Investors and Shareholders The Offering will be made only by means of an application agreement, a term sheet and a prospectus supplement and accompanying base prospectus. A prospectus supplement related to the offering has been filed with the U.S. Securities and Exchange Commission (the "SEC") and is available on the SEC's website located at www.sec.gov.  Copies of the prospectus supplement and the accompanying base prospectus relating to the Offering may be obtained from contacting DNB Markets Inc. at 200 Park Ave, Floor 31, New York, NY 10166, telephone: +1 212 681 3800. This offering will be made pursuant to the Company's existing shelf registration statement on Form F-3 (Registration No. 333-211365) previously filed with the SEC and declared effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities, in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.other jurisdiction..