ShaMaran Corporate Update
VANCOUVER, BC, May 25, 2023 /CNW/ - ShaMaran Petroleum Corp. (TSX Venture and Nasdaq First North: SNM) (“ShaMaran Petroleum” or the “Company”) has granted incentive stock options to certain officers, employees and other eligible persons of the Company to acquire 29,400,000 shares of the Company at an exercise price of CAD$0.063 per share. The options are exercisable, subject to vesting provisions, over a period of five years. ShaMaran has also granted 19,750,000 restricted share units at a price of CAD$0.063 to certain officers, employees and other eligible persons of the Company. The