Successfully completed Private Placement in Magseis ASA

Arctic acted as Joint Lead Manager and Bookrunner in relation to the Private Placement of 16,666,667 new shares in Magseis ASA. The Company raised gross proceeds of NOK 300 million, which will be used to finance the Company's current growth plans.

Please read more:

http://www.magseis.com
http://www.newsweb.no/newsweb/search.do?messageId=442931 

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