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SeaBird Exploration: Signing Of Agreements To Acquire Vessels, Private Placement Becomes Unconditional


Friday, 24 May 2019 09:52am EDT 

May 24 (Reuters) - SeaBird Exploration PLC ::REG-SEABIRD EXPLORATION: SIGNING OF AGREEMENTS TO ACQUIRE VESSELS, PRIVATE PLACEMENT BECOMES UNCONDITIONAL.SEABIRD EXPLORATION - 208.3 MILLION NEW SHARES ALLOCATED IN PRIVATE PLACEMENT WILL BE SETTLED VIA DELIVERY VERSUS PAYMENT TRANSACTION ON REGULAR T+2 BASIS.INTENDS TO CARRY OUT SUBSEQUENT REPAIR OFFERING OF 25 MILLION SHARES TO EXISTING SHAREHOLDERS AS OF CLOSE OF TRADING 11 APRIL 2019. 

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