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(Oslo, 12 April 2019) Reference is made to the stock exchange notice from SeaBird Exploration PLC (the "Company") on 11 April 2019 at 16:31 CET (the "Announcement"), regarding a private placement of shares in the Company (the "Private Placement") and a possible subsequent offering at the same effective subscription price as in the Private Placement (the "Subsequent Offering").

 

Date on which the terms and conditions of the potential repair issue were announced

11 April 2019

Last day including right:

11 April 2019

Ex-date:

12 April 2019

Record date:

15 April 2019

Maximum number of new shares:

25,000,000

Subscription Price:

NOK 1.20

 

Other information: The Subsequent Offering is subject to the conditions mentioned in the Announcement, and the publication of an approved prospectus. Notwithstanding the foregoing, the board of directors may, in its sole discretion, decide that the Company shall not carry out the Subsequent Offering due to market conditions. This information is published in accordance with the requirements of Oslo Børs' continuing obligations.

 

This information is subject of the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act. ENDS

 

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