ShaMaran Announces Expiry of Rights Offering
VANCOUVER, BC, May 20, 2022 /CNW/ - ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (SNM: TSX-V and Nasdaq First North Growth Market (Sweden)) is pleased to announce that further to ShaMaran’s news releases of April 5, 2022, April 7, 2022 and April 26, 2022, the Company’s rights offering (the ”Rights Offering”) expired at 5:00 p.m. (Eastern time) today. Pursuant to the Rights Offering, each ShaMaran shareholder of record on April 13, 2022 who was an Eligible Holder or Approved Holder (as such terms were defined in the Company’s Rights Offering circular dated April 5, 2022, as