Ocean Wonder, Oceanus’ former major creditor and largest shareholder ceases to become a substantial shareholder in Oceanus

Under the agreement, OWIL reduced its 19.74% stake in the company of some 4,795,668,398 shares to a 3.74% stake, which represents 909,878,953 shares.

The 4,795,668,398 shares were sold at a total consideration of $7.0 million.

Alacrity Investment Group, an existing major shareholder, paid $3,208,913 for 1,782,729,444 shares, which works out to an average of 0.18 cent each.

Shares in Oceanus closed 0.2 cent higher, or 50% higher, at 0.6 cent prior to the announcement.