SHAMARAN SUCCESSFULLY PLACES US$ 240 MILLION BOND
Vancouver, British Colombia, June 19, 2018 /CNW/ – ShaMaran Petroleum Corp. ("ShaMaran" or the "Corporation") (TSX Venture: SNM), (NASDAQ First North: SNM) is pleased to announce the successfully placement of USD 240 million senior unsecured bonds. The net proceeds from the bonds will be used to refinance all the existing outstanding bonds issued by ShaMaran’s wholly owned subsidiary, General Exploration Partners Inc. (“GEP”), and to finance the Marathon acquisition as announced on June 4th, 2018. The new bonds have a five year maturity without amortization and carry 12% fixed semi-annual