Norway: EMGS Records Share Capital Rise
The Norwegian Registry of Business Enterprises registered a share capital increase in Electromagnetic Geoservices ASA (EMGS) on 24 December 2013, following the exercise of options notified 16 December 2013.
As a consequence, the new share capital is NOK 49,934,888.75 divided on 199,739,555shares, each with a nominal value of NOK 0.25. EMGS’ Articles of Association have been amended accordingly.
EMGS, the marine EM market leader, uses its proprietary electromagnetic (EM) technology to support oil and gas companies in their search for offshore hydrocarbons. EMGS supports each stage in the workflow, from survey design and data acquisition to processing and interpretation. The company’s services enable the integration of EM data with seismic and other geophysical and geological information to give explorationists a clearer and more complete understanding of the subsurface.
Press Release, December 24, 2013; Image: EMGS
