VANCOUVER, BC, Sept. 27,
2022 /CNW/ - ShaMaran Petroleum Corp. ("ShaMaran"
or the "Company") (TSXV: SNM) (Nasdaq
First North Growth Market (Sweden): SNM) is pleased to announce that,
following the closing of the Sarsang acquisition and
in accordance with the Bond Terms between ShaMaran and
Nordic Trustee as bond trustee for the 2025 12% senior unsecured
bond (ISIN NO 0011057622) entered into on July 30, 2021 and previously announced, the
Company's 2023 12% senior unsecured bond (ISIN NO
0010826456) has today been exchanged for its 2025 bond and accrued
interest has been paid in full as at September 26, 2022 to all bondholders. The 2025
Bond's outstanding debt is USD 300
million of which ShaMaran holds over 10% in
treasury. View PDF version.
This information 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 September 27, 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, firstname.lastname@example.org.
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.
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 holds an 18% interest
through its wholly-owned subsidiary ShaMaran Sarsang A/S in the
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.