NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN
Reference is made to the prospectus dated 5 July 2018 (the "Prospectus") that has been prepared by SeaBird Exploration Plc (the "Company") in connection with the completion of a private placement of 937,500,000 new shares in the Company (the "Private Placement") and the subsequent repair offering of up to 156,250,00 new shares in the Company (the "Subsequent Offering").
The Financial Supervisory Authority of Norway (Nw.: Finanstilsynet) has today approved a supplemental prospectus dated 10 August 2018 (the "Supplemental Prospectus") to the Company's Prospectus that has been prepared in connection with the Company's acquisition of the seismic vessel Geowave Voyager and certain seismic equipment from Exploration Vessel Resources II AS, a wholly owned subsidiary of CGG S.A. for a cash consideration of USD 17 million. The information contained in the Supplemental Prospectus shall be considered an integral part of, and is to be read together with, the Prospectus.
The Prospectus and the Supplemental Prospectus are, subject to regulatory restrictions in certain jurisdictions, available at www.sbexp.com, www.abgsc.com and www.sb1markets.no. Hard copies of the Prospectus and the Supplemental Prospectus may also be obtained free of charge by contacting one of the Managers (as defined below).
ABG Sundal Collier and Sparebank 1 Markets acted as joint bookrunners in the Private Placement and the Subsequent Offering. Advokatfirmaet Schjødt AS acted as Norwegian legal counsel to the Company.
For further information, please contact:
Hans Petter Klohs
CEO SeaBird Exploration
Phone: +47 22 40 27 18
CFO SeaBird Exploration
Phone: +47 22 40 27 17
This information is published in accordance with the requirements of the Continuing Obligations. This information is subject of the disclosure requirements pursuant to section 5 - 12 of the Norwegian Securities Trading Act.
SBX - Supplemental Prospectus 10 August 2018