Scorpio Tankers Inc. Announces Pricing of 30,672,000 Shares of Common Stock

Scorpio Tankers Inc. announced yesterday 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 purposes.
The Company's common shares trade on the New York Stock Exchange under the symbol "STNG."
Source: Scorpio Tankers Inc.