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SAExploration Holdings Completes Warrant Exchange Offer

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February 10, 2014

SAExploration Holdings Inc. (NASDAQ: SAEX) completed its previously announced warrant exchange offer, for outstanding warrants to purchase 15 million common shares, the company said Feb. 10. Under the exchange, warrant holders could receive one common share in exchange for every 10 outstanding warrants, the company added.

The offer expired Feb. 7, the company said. About 14,380,000 warrants had been validly tendered by the expiration, the company said. This was about 96% of all warrants in the offer, the company added. The shares, along with cash in lieu of fractional shares, ...

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