ShaMaran Bond Amortization Payment Due December 2021 Reduced by 33%
VANCOUVER, BC April 6, 2021 /CNW/ - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (SNM - TSXV, Nasdaq First North Growth Market (Sweden)) is pleased to report in connection with the Company’s 12% senior unsecured bonds due 2023 (ISIN: NO 001082645.6) (the “Bonds”) that the Company has purchased Bonds in the market at commercially attractive rates. As a result, Bonds in the principal amount of $4.95 million have been retired. The Company’s Bond amortization payment due in December 2021 has accordingly been reduced by 33%. Dr. Adel Chaouch, President and Chief Executive Officer