Knox is planning to raise USD 12 mill of new equity in connection with the acquisition of 38% of Inpector, in line with what has been reported earlier. Clarksons Security has been mandated to assist in the capital raise.
 
Knox has now completed a thorough due diligence of Inpector and the operation in Egypt. Meetings with potential investors will start this week.
 
The company will apply for a listing on Euronext Growth after closing of the Inpector transaction.

We have enclosed an updated Company Presentation, based on the latest available data.

Kambiz Safinya has accepted to join the board of the company and will be proposed for election at the next extraordinary general meeting, following the subscription of the capital raise. Kambiz was head of the heavy oil practice in SLB and holds a PhD in Atomic Physics from Harvard (see more details in the enclosed presentation).

For further comments, please contact:
Geir Aune, Chairman & CEO, ga@knox-energy.com
Tom Kristiansen, COO, tk@knox-energy.com