ShaMaran Proposal to Bondholders Approved
VANCOUVER, BC, January 26, 2021 /CNW/ - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (SNM - TSXV, Nasdaq First North Growth Market) provides the following update to stakeholders in connection with the Company’s news release dated January 12, 2021 regarding the Proposal that was submitted to the Bondholders relating to the Company’s 12% senior unsecured bonds due 2023 (ISIN: NO 001082645.6). ShaMaran is pleased to announce that the Proposal has been approved with the full support of all of the Bondholders voting on the Proposal. This approval will permit the Company to use its “