ShaMaran Announces Bond Tender Results
VANCOUVER, BC, June 24, 2024 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSXV: SNM) (Nasdaq First North: SNM) announces the positive results of the buy-back tender offer to bondholders in the Company’s 12% senior unsecured bond (ISIN NO 0011057622) (the “Bond”) previously disclosed in the Company’s news release on June 10, 2024. The Company received more than enough offers to fill the full tender amount of US$47 million, and settlement will take place on June 26, 2024. Following settlement of the tender and cancellation of the US$5.9 million in Company-owned bonds,