SENS ANNOUNCEMENT
(the "Notice" or "Announcement")
ISSUER
ZCCM INVESTMENTS HOLDINGS PLC ("ZCCM-IH")
[Incorporated in the Republic of Zambia]
Company registration number: 119540000771
Share Code:
Seadrill or the
Company ) announces today (the
Effective Date ) that it has emerged from Chapter 11 after successfully completing its reorganization pursuant to its Chapter 11 plan of reorganization (the
Plan ). All conditions precedent to the restructuring contemplated by the Plan have been satisfied or otherwise waived.
The Plan has equitized approximately $2.8 billion in funded debt obligations, leaving the Company debt free on emergence. As part of the Plan, New Management Services Agreements were entered into for the management of the Company s offshore drilling units and a Transition Services Agreement was agreed to with the Company s prior manager that provides for a safe and efficient transition. Additionally, the Plan has resolved all potential claims against the Company alleged by related parties, secured and unsecured creditors.
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Full Metal Minerals Ltd.: Full Metal Minerals Announces New CEO and Director, Provides Updates on Private Placement and Announces Shares for Debt Transaction Full Metal Minerals Ltd.
Full Metal or the
Company ) announces that, further to its press releases disseminated on April 20, 2018 and October 8, 2020, it has increased its previously announced non-brokered private placement to provide for a maximum offering of up to 23,125,000 common shares at a price of C$0.08 per share for gross proceeds of up to $1,850,000 (the
Financing ), which is an increase from the previously announced maximum offering of up to 15,625,000 common shares for gross proceeds of up to C$1.25 million. The increase is subject to TSX Venture Exchange approval.