ABG Sundal Collier acted as Joint Lead Manager and Joint Bookrunner in the NOK 150 million private placement in Seabird Exploration Plc

SeaBird Exploration Plc announced yesterday the successful completion of a private placement of 937,500,000 new shares at a subscription price of NOK 0.16 per share, raising gross proceeds of NOK 150 million. A subsequent offering of NOK 25m will be launched following the publication of a prospectus. The net proceeds from the Private Placement will be used to finance working capital and potential new investments in vessels and equipment.