Registration of share capital increase
Reference is made to the Company's announcement on 12 August 2022 regarding a NOK 100 million investment and MOU with Chevron U.S.A. Inc ("Chevron"), in connection to which there would be performed a share capital increase in the Company and 2,745,656 new shares would be issued to Chevron.
The contemplated increase of share capital has today, 29 August 2022, been registered with the Norwegian Register of Business Enterprises and the shares have been issued. The Company's share capital is now NOK 527,154.77, divided into 52,715,477 shares, each with a nominal value of NOK 0.01.
For further information, please contact:
Odd-Geir Lademo, CEO, e-mail: odd.geir.lademo@oceangeoloop.com, cell: +47 92 05 29 01
Anders Onarheim, Chairman of the Board of Directors, cell: +47 90 70 86 43
About Ocean GeoLoop | www.oceangeoloop.com
Ocean GeoLoop is a green tech company aiming at using nature’s own way of solving the challenges of our time in a circular way. In 2022, the company introduces the GeoLoop CC technology that captures point source CO2 emissions, using natural and harmless processes, transforming the CO2 to a stable, liquid state. Ocean GeoLoop call this process “Carbon capture by nature.” The GeoLoop CC technology will help companies and countries around the globe to reach their goals of reduced emissions before 2030 and net zero by 2050. The company is listed on Oslo Børs Euronext Growth under the ticker OCEAN.