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ShaMaran Proposals to Bondholders Approved



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VANCOUVER, BC, July 27, 2021 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSXV: SNM) (Nasdaq First North Growth Market: SNM) provides the following update to stakeholders in connection with the Company’s news releases dated July 12, 2021 and July 16, 2021 regarding the written resolutions and summons containing certain proposals that were submitted to the Bondholders relating to the Company’s 12% senior unsecured bonds due 2023 (ISIN: NO 001082645.6) and for the issuance of the Company’s 12% senior unsecured bonds due 2025 (ISIN No. 0011057622) (“New Bond”). View PDF versionShaMaran is pleased to announce that the proposals for the conditional refinancing of the existing bond as well as necessary waivers …

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