Source: www.gulfoilandgas.com 5/3/2021, Location: Europe
Reference is made to the stock exchange announcement by Axxis Geo Solutions ASA
("Axxis" or the "Company") on 29 April 2021 concerning the approval by the
required majority of Axxis' creditors of the reconstruction proposal. The
District Court of Asker and Bærum has decided to confirm the
reconstruction proposal. The decision by the District Court of Asker and Bærum
is subject to an appeal period, which expires 3 June 2021, and will become
legally binding thereafter (subject to no appeals made).