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ShaMaran Announces Bondholder Approval
ShaMaran Announces Bondholder Approval Canada NewsWire VANCOUVER, BC , ...
About this update from Shamaran Petroleum Corp.
[{"type":"text","content":"\n\n\n\n ShaMaran Announces Bondholder Approval\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n April 11, 2025\n \n\n /CNW/ -\n \n ShaMaran Petroleum Corp. (\"ShaMaran\" or the \"Company\")\n \n (TSXV: SNM) (Nasdaq First North: SNM) announces that a large majority of the Company's bondholders in the 12% senior unsecured bond due\n \n July 2027\n \n (the \"Bond\") have voted in favor of the previously announced proposal to amend the Bond as referenced in the Company's news release of\n \n March 27, 2025\n \n .\n \n\n\n PDF Version\n \n\n\n\n\n The approved amendments to the Bond include converting the mandatory quarterly cash sweep to voluntary and extending the maturity by two years to July 2029.\n \n\n\n About ShaMaran Petroleum Corp.\n \n\n\n ShaMaran is a Canadian independent oil and gas company focused on the\n \n Kurdistan\n \n region of\n \n Iraq\n \n . The Company indirectly holds a 50% working interest in the Atrush Block and an 18% working interest in the Sarsang Block. The Company is listed in\n \n Toronto\n \n on the TSX Venture Exchange and in\n \n Stockholm\n \n on Nasdaq First North Growth Market (ticker \"SNM\"). ShaMaran is part of the Lundin Group of Companies.\n \n\n\n\n Important Information\n \n\n\n\n\n ShaMaran is obliged to make this information public pursuant to the EU Market Abuse Regulation. This information was submitted for publication through the agency of the contact person set out below on\n \n April 11, 2025\n \n , at 2:00 a.m. Eastern Time.\n \n\n\n\n The Company's certified advisor on Nasdaq First North Growth Market is FNCA Sweden AB.\n \n\n\n\n\n Forward-Looking Statements\n \n\n\n\n\n Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or the Company's future performance, business prospects and opportunities, which are based on assumptions of management.\n \n\n\n\n The use of any of the words \"will\", \"expected\", \"planned\" and similar expressions and statements relating ...