Nordic Business Report-May 8, 2006-SeaBird Exploration Limited completes directed share issue
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The Norwegian seismic data provider SeaBird Exploration Limited said on Monday (8 May) that it had completed a directed share issue of NOK102.4m.
The subscription price was set to NOK32.00 per share, the company said.
The purpose of the placement was to finance the acquisition of 100% of the outstanding shares of SeaBed Geophysical AS and working capital for further development of Seabed.
One Norwegian krone (NOK) is worth approximately 0.09 British pounds (GBP).
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