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Hitt og þetta 8. september 2006

SeaBird Exploration Ltd completes share issue of NOK200m

Nordic Business Report-September 8, 2006-SeaBird Exploration Ltd completes share issue of NOK200m
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The Norwegian seismic data provider SeaBird Exploration Ltd said on Friday (8 September) that it had completed a directed share issue of NOK200m.

The subscription price was set at NOK35.00 per share.

The purpose of the placement was to finance continued fleet expansion, securing long lead items and settlement of a proportion warrants in relation to the acquisition of SeaBed Geophysical AS.

One Norwegian krone (NOK) is worth approximately 0.08 British pounds (GBP).

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