Euroseas ltd announces acquisition of four 4,250 teu containerships

Euroseas ltd. announces the acquisition of four 4,250 teu containerships further expanding and renewing its fleet; and a private placement of $6 million of common stock.euroseas ltd - vessels are being acquired for a total consideration of approximately $40 million.euroseas ltd - acquisition will be financed by bank debt, existing funds of company and $6 million raised in private placements.euroseas ltd - entered into agreements to acquire four 4,253 teu containerships built in south korea, three in 2009 and one in 2008.euroseas ltd - as part of transaction, co has agreed to acquire certain management services of synergy marine limited for next three years.euroseas ltd - andreas papathomas, chairman of synergy holdings limited, has joined board.
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