-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JJmeEx86muuk3NLIMENNmITuZUEjjwIQA3xZpHnTAB4ect813x6yiAKcSGgfJVqO dE7+/RVB7KiQMKvidKr+ww== 0000950144-07-008467.txt : 20070910 0000950144-07-008467.hdr.sgml : 20070910 20070910115858 ACCESSION NUMBER: 0000950144-07-008467 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070907 FILED AS OF DATE: 20070910 DATE AS OF CHANGE: 20070910 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FreeSeas Inc. CENTRAL INDEX KEY: 0001325159 STANDARD INDUSTRIAL CLASSIFICATION: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412] IRS NUMBER: 000000000 STATE OF INCORPORATION: 1T FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-51672 FILM NUMBER: 071108039 BUSINESS ADDRESS: STREET 1: 93 AKTI MIAOULI CITY: PIRAEUS STATE: J3 ZIP: 18233 BUSINESS PHONE: 30-210-4528770 MAIL ADDRESS: STREET 1: 93 AKTI MIAOULI CITY: PIRAEUS STATE: J3 ZIP: 18233 6-K 1 g09381e6vk.htm FREESEAS INC. FreeSeas Inc.
 

 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 Under
the Securities Exchange Act of 1934
For the month of September 2007
Commission File Number: 000-51672
FreeSeas Inc.
89 Akti Miaouli & 4 Mavrokordatou Street, 185 38
Piraeus, Greece
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F þ Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes o No  þ
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-______.
 
 

 


 

On September 7, 2007, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
This report on Form 6-K and the exhibit attached thereto is incorporated by reference into the Registrant’s Registration Statement on Form F-3 File No. 333-145098.
SUBMITTED HEREWITH
Exhibit
     
99.1
  Press release dated September 7, 2007

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SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
         
  FreeSeas Inc.
(Registrant)
 
 
Date: September 7, 2007  By:   /s/ Ion G. Varouxakis    
    Name:   Ion G. Varouxakis   
    Title:   President and Chief Executive Officer   
 

3

EX-99.1 2 g09381exv99w1.htm EX-99.1 PRESS RELEASE EX-99.1 Press Release
 

Exhibit 99.1
FreeSeas Inc. Announces Delivery of the Handymax Free Jupiter
September 7, 2007 Piraeus, Greece — FreeSeas Inc. (NASDAQ: FREE, FREEW, FREEZ) (“FreeSeas” or “the Company”), a provider of seaborne transportation for drybulk cargoes, announced today that it has taken delivery of the 2002-built, 47,777 dwt Handymax M/V Free Jupiter on September 5, 2007. The vessel was then placed on a spot time charter for approximately 30 days at a rate of US$43,000 per day.
After the completion of this spot time charter, the vessel will be time chartered for three-years at annually adjusting rates of US$32,000/$28,000/$24,000 per day, respectively.
Mr. Ion Varouxakis, Chairman, President and Chief Executive Officer of FreeSeas, stated, “With four vessels now operating in the Company’s fleet and one still to be delivered, FreeSeas is continuing to grow its fleet in a favorable drybulk rate environment. FreeSeas will continue to opportunistically seek additional tonnage to expand in the Handysize/Handymax segments. The Company will use its existing credit facilities and additional resources to make any future near term acquisitions.”
With the delivery of the Free Jupiter, FreeSeas’ fleet of owned vessels and the vessel for which delivery is pending are as follows:
Current Fleet:
                         
Vessel Name   Dwt   Vessel Type   Built   Employment
Free Destiny
    25,240     Handysize     1982     Presently undergoing Dry/docking and Special Survey
Free Envoy
    26,318     Handysize     1984     One-year TC through Apr 2008 at $17,000 p/d
Free Hero
    24,318     Handysize     1995     TC through Dec 2008/Feb 2009 at $14,500 p/d
Free Jupiter
    47,777     Handymax     2002     Initial 30-day TC at $43,000 p/d followed by
three-year TC through Sep 2010 at
$32,000/28,000/24,000 p/d
Vessel to be delivered:
                         
Vessel Name   Dwt   Vessel Type   Built   Delivery/Employment
Free Goddess
    22,501     Handysize     1995     Expected delivery September/October 2007 Two-month TC at $13,000 p/d followed by two-year TC at $19,250 p/d
About FreeSeas Inc.
FreeSeas Inc. is a Marshall Islands corporation with principal offices in Piraeus, Greece. FreeSeas is engaged in the transportation of dry bulk cargoes through the ownership and operation of dry bulk carriers. Currently, it has a fleet of three Handysize vessels and one Handymax vessel. FreeSeas’ common stock and warrants trade on the NASDAQ Capital Market under the symbols FREE, FREEW and FREEZ, respectively. Risks and uncertainties are described in reports filed by FreeSeas Inc. with the US Securities and Exchange Commission, which can be

 


 

obtained free of charge on the SEC’s website at www.sec.gov. For more information about FreeSeas Inc. please go to our corporate website www.freeseas.gr.
Forward-Looking Statements
This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company’s growth strategy and measures to implement such strategy, including expected vessel acquisitions. Words such as “expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates,” and variations of such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to be correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the demand for dry bulk vessels; competitive factors in the market in which the Company operates; risks associated with operations outside the United States; and other factors listed from time to time in the Company’s filings with the Securities and Exchange Commission. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
For further information please contact:
Company Contact:
Ion Varouxakis
Chief Executive Officer
FreeSeas Inc.
89 Akti Miaouli Street
185 38 Piraeus, Greece
Tel: 011-30-210-45-28-770
Fax: 011-30-210-429-10-10
E-Mail: info@freeseas.gr
www.freeseas.gr
Investor Relations / Financial Media:
Thomas J. Rozycki, Jr.
Sr. Vice President
Cubitt Jacobs & Prosek Communications
350 Fifth Avenue — Suite 3901
New York, NY 10118, USA
Tel: +1.212.279.3115 x208
Fax: +1.212.279-3117
E-Mail: trozycki@cjpcom.com
www.cjpcom.com

 

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