NewLead Holdings Ltd. is an international shipping company that owns a fleet of dry bulk carriers and double-hull product tankers. NEWL provides ideal solutions for sea transportation requirements and play a significant role in meeting the worldwide demand for distribution of petroleum products and dry bulk commodities.
NEWL announced today that the Company received a capital contribution of industrial metal valued at $236.4 million for a 36.8% equity interest in NewLead unregistered shares for transaction of 91 cents per share.
Upon completion of this transaction, it is expected that NewLead will have a total of 701,904,963 shares of common stock outstanding.