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SeaBird Announces Update on Vessel Acquisition

Source: www.gulfoilandgas.com 4/29/2019, Location: Europe

Reference is made to the stock exchange release by SeaBird Exploration published on 11 April 2019 regarding the exclusive process to acquire the BOA Vessels BOA Galatea and BOA Thalassa and issuance of new shares as consideration to certain BOA SBL bondholders.

The Company has announced that the requisite majority of BOA SBL bondholders has approved the sale of the BOA Vessels to SeaBird, and that in total 46,110,745 SeaBird shares (corresponding to NOK 55.3 million) will be issued as consideration to the BOA SBL bondholders. The transaction remains subject to the conditions described in the Release.

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Related Categories: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 

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