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ShaMaran September 2021 Payments Received
ShaMaran September 2021 Payments Received Canada NewsWire VANCOUVER,&#x...
About this update from Shamaran Petroleum Corp.
[{"type":"text","content":"\n \n \n \n ShaMaran September 2021 Payments Received\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 VANCOUVER, BC,\n \n Dec. 6, 2021\n \n /CNW/ -\n \n ShaMaran Petroleum Corp. (\"ShaMaran\" or the \"Company\")\n \n (TSXV: SNM) (Nasdaq First North Growth Market (\n \n Sweden\n \n ): SNM) confirms receipt of payment for the\n \n September 2021\n \n Atrush sales and entitlements at\n \n $31.99 million\n \n (\n \n $11.77 million\n \n net to the Company).\n \n View PDF version\n \n \n \n The Company is also in receipt of\n \n $2.18 million\n \n net to the Company as the next instalment for\n \n September 2021\n \n in the Kurdistan Regional Government (\"KRG\") receivable repayment mechanism calculated based on the KRG's proposed amendment to the mechanism repayment terms as announced on\n \n May 13, 2021\n \n . Today's payment reduces the KRG's outstanding receivable amount owed to the Company to\n \n $23.74 million\n \n . The Company continues to be in dialogue with the KRG on its amendment proposal.\n \n \n \n OTHER\n \n \n This information is information that ShaMaran is obliged to make public pursuant to the EU Market Abuse Regulation.  The information was submitted for publication, through the agency of the contact persons set out below, on\n \n December 6, 2021\n \n at\n \n 8:45 a.m. Eastern Time\n \n .  Pareto Securities AB is the Company's Certified Advisor on Nasdaq First North Growth Market (\n \n Stockholm\n \n ), +46 8402 5000,\n \n \n [email protected]\n \n \n .\n \n \n 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.\n \n \n \n ABOUT SHAMARAN\n \n \n ShaMaran is a\n \n Kurdistan\n \n 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\n \n July 12, 2021\n \...