Green Energy Group (Seabird Exploration Plc) – Green Minerals and Oil States Industries signs MoU

Green Energy Groups (SeaBird Exploration Plc) 55% owned subsidiary Green Minerals today announces a Memorandum of Understanding with Oil States Industries Ltd establishing collaboration for the development of a Harsh Environment Deep Sea Mining System (HEDSMS) against a long-term contract for exclusive use in Norwegian waters has been entered into.

As part of the agreement, Oil States Industries will take a 4,3% ownership stake in Green Minerals by way of issuance of 580,000 shares at NOK 15 per share.

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Ståle Rodahl
Executive Chairman
Ph: +47 4840 0593