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Acquisition of the Caspian Explorer

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22 January 2020

The Board of Caspian Sunrise is pleased to announce the proposed acquisition of the Caspian Explorer, a drilling vessel capable drilling exploration wells to depths of up to 6,000 meters in extremely shallow water, for a consideration of $25 million to be satisfied by the issue of 160,256,410 new Ordinary shares at a price of 12p per share, a premium of 27.7 per cent to the closing mid-market price on 20 January 2020.

Source: https://polaris.brighterir.com/public/caspian_sunrise/news/rns_widget/story/w054v8r

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