SeaBird Approved Prospectus and Subsequent Offering

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Reference is made to the stock exchange notices dated 28 November 2012 and 25 January 2013 published by SeaBird Exploration Plc regarding the Private Placement of New Shares and Subsequent Offering, the issue of shares in relation to which has been authorised by the EGM.

The Financial Supervisory Authority of Norway has on 28 January 2013 approved the prospectus concerning the following:

Listing of 11,000,000 New Shares in SeaBird Exploration Plc issued in connection with a private placement completed on 27 November 2012 at a subscription price of NOK 7.50 per New Share.

Subsequent Offering and Listing on Oslo Børs of up to 1,500,000 Offer Shares in SeaBird Exploration Plc 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 30 January 2013 at 9:00 CET to 13 February 2013 at 16:30 CET. Only Eligible Shareholders can apply for shares in the Subsequent Offering. Eligible Shareholders are the shareholders of the Company as of 27 November 2012, as registered in the VPS on 30 November 2012, except for shareholders who were given the opportunity to subscribe for New Shares in the Private Placement and holding more than 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 home country jurisdiction. 

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Posted by on January 28, 2013. Filed under All news, Business, Company News, Latest news, World. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.