LIMASSOL, CYPRUS: Seabird Exploration Plc has announced plan for funding and listing of 100pc owned subsidiary Green Minerals AS (GM).
* Green Minerals to issue NOK 30 million in equity to new investors
* Seabird will own between 75pc and 79pc of GM post issue
* GM to seek listing on Euronext Growth Oslo
* Seabird intends to spin off parts of the ownership in GM to its own shareholders, while remaining a large owner
* Green Minerals will have approx 5000 shareholders and be fully funded until license award when listing on Euronext Growth Oslo
* Some of the largest shareholders in Seabird, the Executive Chairman and at least one board member have pre-committed to subscribe to the offering
SeaBird is a global provider of high quality marine seismic operations within the source vessel and 2D market, as well as in the shallow water 3D market The Company has a strong focus on Quality, Health, Safety and Environment, combined with cost efficient services to its customers.
Green Minerals enables the worlds drive towards electrification and digitization in a sustainable manner.