VANCOUVER, BC, July 12,
2022 /CNW/ - ShaMaran Petroleum Corp. ("ShaMaran"
or the "Company") (TSXV: SNM) and (Nasdaq First North Growth
Market (Sweden): SNM) is pleased
to announce that the long stop date in the Sarsang Acquisition has
been extended until November 12,
2022. ShaMaran has now signed the relevant document relating
to the approval by the Kurdistan Regional Government (KRG) of this
transaction and ShaMaran looks forward to the signing in due course
of the relevant documents by the other parties, including the KRG.
ShaMaran will keep the market informed when completion of this
transaction occurs. View PDF Version
This news release contains information that
ShaMaran is obliged to make public pursuant to the EU Market Abuse
Regulation. This information was submitted for publication,
through the agency of the contact persons set out below, on
July 12, 2022 at 5:30 p.m. Eastern Time. Arctic Securities
AS (Swedish branch) is the Company's Certified Adviser on Nasdaq
First North Growth Market (Sweden)
+46 844 68 61 00, email@example.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news release contains a
"forward-looking statement" (within the meaning of applicable
securities laws). Such statement relates to future events,
including events relating to the completion of the Sarsang
Acquisition. Actual results may differ materially from those
expressed or implied by forward-looking statements. This
forward-looking statement speaks only as of the date of this news
release. ShaMaran does not intend, and does not assume any
obligation, to update this forward-looking statement, except as
required by applicable securities laws
ShaMaran is a Kurdistan focused oil development and
exploration company which holds a 27.6% interest, through its
wholly-owned subsidiary General Exploration Partners, Inc., in the
Atrush Block and as announced in the Company's news release of
July 12, 2021 upon successful closing
of the acquisition from a TotalEnergies' affiliate will then also
hold an 18% interest through its then wholly-owned subsidiary
TEPKRI Sarsang A/S in the Sarsang Block.
ShaMaran is a Canadian oil and gas company listed on the TSX
Venture Exchange and the Nasdaq First North Growth Market
(Sweden) under the symbol "SNM"
and is part of the "Lundin Group of Companies".
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SOURCE ShaMaran Petroleum Corp.