ShaMaran Announces Bond Summons
VANCOUVER, BC, May 27, 2024 /CNW/ - ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSXV: SNM) (Nasdaq First North: SNM) refers to the Company’s press release on May 21, 2024, and announces that the Company has today issued a summons for written resolution to all bondholders in the outstanding 12% senior unsecured bond due July 2025 (ISIN NO 0011057622) (the “Bond”). The summons proposes amendments to the Bond (the “Proposal”), including a two-year extension to July 2027. The Company has met with and received strong support for the Proposal from a large percentage of the