ShaMaran Announces Bondholder Approval and Launch of Bond Tender
VANCOUVER, BC, June 10, 2024 /CNW/ - ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSXV: SNM) (Nasdaq First North: SNM) announces that a large majority of the Company’s bondholders in the 12% senior unsecured bond due July 2025 (ISIN NO 0011057622)(the “Bond”) have voted in favor of the previously announced proposal to amend the Bond as referenced in the Company’s news releases on May 21, 2024, and May 27, 2024. The approved amendments to the Bond include a two-year extension of the maturity date to July 2027 and other financial matters that are now conditionally granted