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Carbon Transition är ett norskt investmentbolag som investerar och förvaltar torra bulkfartyg av olika storlekar. Bolaget strategi är att nyttja investeringsmöjligheter på marknaden genom att aktivt vara en långsiktig ägare och fokusera på investeringar som skapar värde åt bolagets aktieägare. Bolaget grundades 2016 och har sitt huvudkontor i Oslo.

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2021-06-14 08:30:00
Lysaker, 14 June 2021

Reference is made to the stock exchange announcement of Axxis Geo Solutions ASA
(the "Company") dated 30 April 2021 regarding completed private placement
raising NOK 144.5 million in gross proceeds to the Company through the
allocation of the 1,445 million new shares at a price of NOK 0.10 per new share.
Furthermore, reference is made to the stock exchange announcement dated 21 May
2021 regarding the approval of conversion of debt at a price of NOK 0.50 per
share, with a total subscription price of NOK 212,199,729, and finally to the
stock exchange announcement dated 4 June 2021 regarding the reconstruction
proposal being legally binding.

The share capital increases pertaining to the private placement and the debt
conversion have now been registered in the Norwegian Register of Business
Enterprises (Nw. Foretaksregisteret). The Company's new share capital is NOK
192,822,047.60, divided into 1,928,220,476 shares, each with a nominal value of
NOK 0.10. The new shares issued are registered with the VPS under a separate
ISIN number and will be transferred to the Company's ordinary ISIN pending
publication of the prospectus.

Contacts
Ronny Bøhn, CEO
Ronny.Bohn@axxisgeo.com
+47 905 58 517

Nils Haugestad, CFO
Nils.Haugestad@axxisgeo.com
+47 977 04 439

About AGS
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.