ABG Sundal Collier acted as Joint Lead Manager and Joint Bookrunner in the NOK 120 million private placement in Seabird Exploration Plc

SeaBird Exploration Plc announced yesterday the successful completion of a private placement of 632,000,000 new shares at a subscription price of NOK 0.19 per share, raising gross proceeds of NOK 120 million. A subsequent offering of NOK 19m will be launched following the publication of a prospectus.
The Private Placement took place through an accelerated bookbuilding process after close of markets yesterday. The Private Placement attracted strong interest from both existing shareholders and new investors, and was multiple times oversubscribed.
The net proceeds from the Private Placement will be used to finance the acquisition of the seismic vessel Geowave Voyager and certain seismic equipment from CGG, and for general corporate purposes.
About Seabird Exploration Plc
SeaBird is a global provider of marine acquisition for 2D/3D and 4D seismic data, and associated products and services to the oil and gas industry. SeaBird specializes in high quality operations within the high end of the source vessel and 2D market, as well as in the shallow/deep water 2D/3D and 4D market. Main focus for the company is proprietary seismic surveys (contract seismic). Main success criteria for the company are an unrelenting focus on Quality, Health, Safety and Environment (QHSE), combined with efficient collection of high quality seismic data.