ShaMaran Announces Issuance of Summons to its Bondholders
VANCOUVER, BC, January 12, 2021 /CNW/ - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (SNM - TSXV, Nasdaq First North Growth Market) is pleased to announce the issuance today of a Summons for Written Resolution from Nordic Trust AS as Bond Trustee to all Bondholders of the Company’s 12% senior unsecured bonds due 2023 (ISIN: NO 001082645.6) (the “Bonds”) setting out the details of the Proposal (set forth below) with a voting period ending on January 26, 2021. DISCUSSIONS WITH BONDHOLDERS The Company has been in discussions with the informal Ad Hoc Committee representing