Brief: Seabird Exploration To Capitalize And List Subsidiary Green Minerals On Euronext Growth Oslo

Sed Energy Holdings

24/11/2020 08:06

Nov 24 (Reuters) - SeaBird Exploration PLC  SBX.OL :
    * ANNOUNCES PLAN FOR FUNDING AND LISTING OF 100PC OWNED
SUBSIDIARY
GREEN MINERALS AS (GM)
    * GREEN MINERALS TO ISSUE MNOK 30 IN EQUITY TO NEW INVESTORS
    * SEABIRD WILL OWN BETWEEN 75PC AND 79PC OF GM POST ISSUE
    * SEABIRD INTENDS TO SPIN OFF PARTS OF OWNERSHIP IN GM TO
ITS OWN
SHAREHOLDERS, WHILE REMAINING A LARGE OWNER
    * GM TO SEEK LISTING ON EURONEXT GROWTH OSLO

Source text for Eikon:  ID:nGNE3BWRR3 
Further company coverage:  SBX.OL 

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