ShaMaran Waiver Request to Bondholders
NOVEMBER 19, 2018 VANCOUVER, BRITISH COLUMBIA - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSX VENTURE: SNM) (NASDAQ First North: SNM) refers to the Company’s November 18, 2018 news release advising of developments which have led to the expiry of the Marathon acquisition. Under the terms of the Company’s Bond Agreement (ISIN NO 00108264456) the expiry of the Marathon acquisition creates a Marathon Transaction Longstop Event whereby $50 million plus accrued interest will be repaid to bondholders. While the Company considers its options, it is proposing to seek a waiver from