ANANGEL-AMERICAN RAISES $46 MILLION IN CAPITAL

ANANGEL-AMERICAN RAISES $46 MILLION IN CAPITAL

   Anangel-American Shipholdings Ltd., the dry bulk shipping company listed on the Nasdaq stock exchange, has raised US$45.9 million through a rights offering.
   The company offered its shareholders the right to purchase one additional share for every two shares held, at the price of $5.75 per share.
   Anangel-American said that the transaction increased the capital available to expand its fleet.