SeaBird Exploration (Oslo: SBX) – Equity private placement

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Fearnley Securities is engaged as lead manager to raise NOK 225-250 million of new equity for SeaBird Exploration Plc (Oslo: SBX), as announced by the company on 11 April 2019 (https://newsweb.oslobors.no/message/474347). The placement will be done as a private placement with intended close on 12 April 2019 at 08:00 CET followed by a subsequent offering, with the proceeds being targeted towards fleet expansion.

Seabird is a global provider of marine acquisition of 2D/ 3D seismic data and source vessel services to the oil and gas industry. Seabird specialized on operations within the high end-source market, the 2D market, as well as the niche 3D shallow water market, with main focus on contract seismic.

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