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SeaBird Exploration Plc Announces Approval Of Prospectus and Subsequent Offering of Shares

Monday, 28 Jan 2013 06:45am EST 

SeaBird Exploration Plc announced that the Financial Supervisory Authority of Norway has on January 28, 2013 approved the prospectus concerning listing of 11,000,000 new shares in the Company issued in connection with a private placement completed on November 27, 2012 at a subscription price of NOK 7.50 per new share and a subsequent offering and listing on Oslo Bors of up to 1,500,000 offer shares in the Company at a subscription price of NOK 7.50 per offer share. The offering is directed towards Eligible Shareholders only. As defined in the prospectus, the application period in the subsequent offering is from January 30, 2013 to February 13, 2013. Only Eligible Shareholders can apply for shares in the subsequent offering. Eligible Shareholders are the shareholders of the Company as of November 27, 2012, as registered in the VPS on November 30, 2012, except for shareholders who were given the opportunity to subscribe for new shares in the private placement and holding over 299,999 shares, shareholders that participated in the private placement and shareholders who are restricted from participating in the subsequent offering due to laws and regulations in their jurisdiction. The 11,000,000 new shares issued in the private placement have been registered on a separate ISIN (being ISIN CY0103252116) pending approval of the prospectus and will assume the Company's ordinary ISIN and be listed and tradable on Oslo Bors from and including January 29, 2013. 

Company Quote

1 Oct 2014