Scorpio Tankers Inc. Announces Pricing of 30,672,000 Shares of Common Stock
MONACO -- (Marketwire) -- 01/30/13 -- Scorpio Tankers Inc. (NYSE:
STNG) (the "Company" or "Scorpio Tankers") announced today that it
has priced the offering of 30,672,000 shares of its common stock, par
value $0.01 per share, at a price of $7.50 per share. The offering is
expected to close on February 4, 2013. RS Platou Markets, Inc. is
acting as sole manager in the offering. Clarkson Capital Markets, DNB
Markets, Inc. and Evercore Group L.L.C. are acting as placement
agents. The net proceeds of the offering are expected to be used for
vessel acquisitions, working capital and other general corporate
The Company's common shares trade on the New York Stock Exchange
under the symbol "STNG."
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. This offering is being made only by
means of a prospectus supplement and accompanying base prospectus. A
prospectus supplement related to the offering will be filed with the
U.S. Securities and Exchange Commission (the "SEC") and will be
available on the SEC's website located at www.sec.gov. When
available, copies of the prospectus supplement and the accompanying
prospectus relating to this offering may be obtained from RS Platou
Markets, Inc., 410 Park Avenue, 7th Floor, Suite 710, New York, NY
10022, Attention: Raquel Lucas (or by e-mail at firstname.lastname@example.org).
The statements in this press release that are not historical facts
may be forward-looking statements. These forward-looking statements
involve risks and uncertainties that could cause the outcome to be
THE ISSUER HAS FILED A REGISTRATION STATEMENT (INCLUDING A
PROSPECTUS) WITH THE SECURITIES AND EXCHANGE COMMISSION (THE "SEC")
FOR THE OFFERING TO WHICH THIS COMMUNICATION RELATES. BEFORE YOU
INVEST, YOU SHOULD READ THE PROSPECTUS IN THAT REGISTRATION STATEMENT
AND OTHER DOCUMENTS THE ISSUER HAS FILED WITH THE SEC FOR MORE
COMPLETE INFORMATION ABOUT THE ISSUER AND THE OFFERING. YOU MAY
OBTAIN THESE DOCUMENTS FOR FREE BY VISITING EDGAR ON THE SEC WEB SITE
AT WWW.SEC.GOV. ALTERNATIVELY, THE ISSUER OR ANY PLACEMENT AGENT FOR
THE OFFERING WILL ARRANGE TO SEND YOU THE PROSPECTUS AND THE
PROSPECTUS SUPPLEMENT IF YOU REQUEST THEM BY RS PLATOU MARKETS, INC.
BY CALLING 1-212-317-7080.
Scorpio Tankers Inc.
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