In This Article:
29 April 2019, Limassol, Cyprus
Reference is made to the stock exchange release (the "Release") by SeaBird Exploration Plc ("SeaBird" or the "Company") published on 11 April 2019 regarding the exclusive process to acquire the BOA Vessels and issuance of new shares as consideration to certain BOA SBL bondholders.
The Company is pleased to announce that the requisite majority of BOA SBL bondholders has approved the sale of the BOA Vessels to SeaBird, and that in total 46,110,745 SeaBird shares (corresponding to NOK 55.3 million) will be issued as consideration to the BOA SBL bondholders. The transaction remains subject to the conditions described in the Release.
For further information, please contact:
Hans Petter Klohs
CEO SeaBird Exploration
Phone: +47 22 40 27 18
Nils Haugestad
CFO SeaBird Exploration
Phone: +47 22 40 27 17
This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: SeaBird Exploration Plc via GlobeNewswire
HUG#2242806