Lysaker, 16 June 2021
Reference is made to the stock exchange announcement of Axxis Geo Solutions ASA
(the "Company") dated 7 April 2021 regarding the final reconstruction proposal
and to the announcement dated 14 June 2021 regarding issuance of shares
following inter alia registration of the private placement which raised NOK
144.5 million in gross proceeds to the Company. The Company has today repaid the
remaining principal and accrued interest under the loan with Eksportkreditt
Norge AS, which was guaranteed by Danske Bank and GIEK.
Furthermore, reference is made to the stock exchange announcement dated 7 May
2021 regarding a memorandum of agreement entered into with Sanco Holding AS
("Sanco") in respect of the sale of the vessel "Neptune Naiad" including certain
equipment, to Sanco. The sale has today been successfully completed.
Ronny Bøhn, CEO
+47 905 58 517
Nils Haugestad, CFO
+47 977 04 439
Axxis Geo Solutions (Axxis) is a pure-play ocean bottom node seismic company
uniquely positioned to pursue both contract and multi-client seismic. Axxis
specializes on delivering tailored seismic solutions and flexible project
management and execution to oil and gas companies world-wide. Its operations are
based on a scalable asset-light setup through chartering of vessels and nodes to
complete seismic surveys.
Axxis is listed on EURONEXT EXPAND OSLO and traded under the ticker Axxis.
More information on www.axxisgeo.com
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act.
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© Oslo Bors ASA, source Oslo Stock Exchange