ShaMaran Corporate Update
June 11, 2020 - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (SNM - TSXV, Nasdaq First North Growth Market) refers to the breach of financial covenant and liquidity shortfall announcements made by the Company on May 11, 2020. The Company continues to examine alternatives to address the breach and imminent liquidity shortfall, and reports that difficult discussions with its largest independent bondholders are continuing. No assurance can be given as to the outcome of any resolution to the breach and imminent liquidity shortfall, which could further impair the Company’s business and