Trio Merger Corp. (NASDAQ: TRIO; OTCBB: TMRGW) (“Trio”) and its proposed merger target, privately-held SAExploration Holdings, Inc. (“SAE”), today announced their presentation at the Noble Financial Capital Markets Ninth Annual Equity Conference on Tuesday, January 22, 2013 at 9:30 am ET. The event will take place at the Hard Rock Hotel & Casino in Hollywood, Florida. Brent Whiteley, CFO & General Counsel, will present on behalf of SAE. Eric Rosenfeld, Chairman and CEO, will present on behalf of Trio.
On December 11, 2012, Trio and SAE jointly announced that the companies entered into a merger agreement whereby SAE will merge into a wholly owned subsidiary of Trio.
For a copy of the slides to be used during the presentation and additional information regarding the proposed merger of Trio and SAE, please see the Form 8-K filed by Trio on December 11, 2012 which can be obtained, without charge, at www.sec.gov.
About SAExploration Holdings, Inc.SAE is a holding company of various subsidiaries which cumulatively form a geographically diversified seismic data acquisition company. SAE provides a full range of 2D, 3D and 4D seismic data services to its clients, including surveying, program design, logistical support, data acquisition, processing, camp services, catering, environmental assessment and community relations. The Company services its multinational client base from offices in Canada, Alaska, Peru, Columbia, Bolivia, Papua New Guinea, New Zealand and Brazil. SAE’s website is www.saexploration.com. About Trio Merger Corp. Trio was incorporated in Delaware on February 2, 2011 as a blank check company whose objective is to effect a merger, capital stock exchange, asset acquisition or other similar business combination with an operating business. Trio’s initial public offering was declared effective June 20, 2011 and was consummated on June 24, 2011, receiving net proceeds of $57.43 million through the sale of 6.0 million units at $10.00 per unit and $3.55 million from the sale of private placement warrants to the initial stockholders and the underwriters. On June 24, 2011, the underwriters exercised their over-allotment option and on June 27, 2011, the Company received net proceeds of $8.69 million from the sale of 900,000 units. Each unit was comprised of one share of Trio common stock and one warrant with an exercise price of $7.50. Pursuant to a share repurchase plan, the Company repurchased a total of 0.78 million shares of common stock at an aggregate purchase price of $7.54 million. As of September 30, 2012, Trio held $61.69 million in a trust account maintained by an independent trustee, which will be released upon the consummation of the business combination.
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