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NewLead Holdings Ltd. (NEWL): Equity Investment for 91 Cents a Share

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.