ShaMaran May 2021 Payments Received
VANCOUVER, BC, July 27, 2021 /CNW / - ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (SNM: TSXV and Nasdaq First North Growth Market (Sweden)) confirms receipt of payment for the May 2021 Atrush sales and entitlements at $31 million ($11.4 million net to the Company). The Company is also in receipt of $0.91 million adjusted net to the Company as the next instalment for May 2021 in the Kurdistan Regional Government (“KRG”) receivable repayment mechanism calculated based on the KRG's proposed amendment to the mechanism repayment terms as announced on May 13, 2021. Today’s payment