SHAMARAN ANNOUNCES ISSUANCE OF COMMON SHARES
Vancouver, BC, August 6, 2020 /CNW/ - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (SNM - TSXV, Nasdaq First North Growth Market) provides this announcement following the full drawdown of the Liquidity Guarantee issued by Nemesia S.á.r.l., a company controlled by a trust settled by the late Adolf H. Lundin, (“Nemesia”) and the deposit of US$ 22.8 million (the “Principal Amount”) into the debt service retention account of the Company for use in paying obligations relating to the Company’s 12% senior unsecured bonds due 2023 (ISIN: NO 001082645.6) as previously reported in the