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BRIEF-Viking Offshore And Marine Enters Term Sheet In Relation To Proposed Placement Of Shares

Reuters SG

Nov 15 (Reuters) - Viking Offshore and Marine Ltd:

* VIKING OFFSHORE AND MARINE - ENTERED TERM SHEET WITH RUDDIN ADVISORY, BLUE OCEAN CAPITAL PARTNERS FOR PROPOSED PLACEMENT OF SHARES IN CO

* VIKING OFFSHORE AND MARINE - RUDDIN ADVISORY AND BLUE OCEAN CAPITAL WILL SUBSCRIBE FOR PLACEMENT SHARES EQUIVALENT TO 53.0% AND 13.5% RESPECTIVELY

* VIKING OFFSHORE AND MARINE - RUDDIN ADVISORY & BLUE OCEAN TO SUBSCRIBE FOR CO'S NEW SHARES FOR CASH CONSIDERATION OF S$4 MILLION AND S$1 MILLION RESPECTIVELY Source text for Eikon: Further company coverage: