SeaBird Exploration Plc: Update on the private placement in Green Minerals AS

3 December 2020, Limassol, CyprusIn reference to the announcement on 27 November 2020 the Company updates on the following:2 886 400 new shares in Green Minerals were issued at a price of NOK 11 per shareTotal amount of shares post issue is 12 886 400, with a post-listing market capitalization of NOK 141 750 400 at the issue priceSeabird owns 77,6% of Green Minerals following the issueInsiders and existing shareholders in Seabird were allocated 12,2% of the issueExecutive Chairman Ståle Rodahl were allocated shares worth NOK 1 million and Board member Øivind Dahl-Stamnes were allocated NOK 200,000Payment date is December 4Application for listing on Euronext Growth Oslo is expected in Q1 2021SeaBird 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.All statements in this press release other than statements of historical fact are forward-looking statements and are subject to a number of risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. These factors include SeaBird`s reliance on a cyclical industry and the utilization of the company’s vessels. Actual results may differ substantially from those expected or projected in the forward-looking statements.This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.For further queries contact:Ståle Rodahl
Executive Chairman
Mob: +47 4840 0593