4 October 2017, Limassol, Cyprus
With reference to the extraordinary general meeting held on 2 October 2017 and previous announcements regarding the private placement of Class A shares, the board of directors of SeaBird Exploration PLC has today formally issued the 1 billion new Class A shares to the subscribers in the private placement. The shares will be delivered in the VPS after their registration with the Cyprus Registrar of Companies. Following registration, the issued share capital will be US$6,745,514.5, consisting of 57,455,145 ordinary shares with par value of US$ 0.1 and 1,000,000,000 Class A shares with par value of US$ 0.001
SeaBird is a global provider of marine acquisition for 2D/3D and 4D seismic data, and associated products and services to the oil and gas industry. SeaBird specializes in high quality operations within the high end of the source vessel and 2D market, as well as in the shallow/deep water 2D/3D and 4D market. Main focus for the company is proprietary seismic surveys (contract seismic). Main success criteria for the company are an unrelenting focus on Quality, Health, Safety and Environment (QHSE), combined with efficient collection of high quality seismic data. All statements in this press release other than statements of historical fact are forward-looking statements and are subject to a number of risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. These factors include SeaBird`s reliance on a cyclical industry and the utilization of the company's vessels. Actual results may differ substantially from those expected or projected in the forward-looking statements.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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CEO SeaBird Exploration
CFO SeaBird Exploration