Pioneer Marine INC. announces expiration and final result of open market tender offer

Majuro, Marshall Islands, July 24th, 2018 – Pioneer Marine Inc. (“Pioneer Marine” or the “Company”) (N-OTC: PNRM) today announced the expiration and final tender result of the previously announced open market tender offer (the “Offer”). The Offer expired at 16:30 (CET) on July 20th, 2018. After reviewing the feedback from the current shareholders, the Company decided not to acquire any of the shares tendered by the existing shareholders.
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