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ShaMaran Announces Bond Summons

Newswire.ca - Thu Mar 27, 2025

VANCOUVER, BC, March 27, 2025 /CNW/ - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSXV: SNM) (Nasdaq First North: SNM) announces that the Company has today issued a summons for written resolution to all bondholders in the outstanding 12% senior unsecured bond due July 2027 (ISIN NO 0011057622) (the "Bond"). The summons proposes amendments to the Bond (the "Proposal"), including converting the mandatory quarterly cash sweep to voluntary and extending the maturity by two years to July 2029. PDF Version

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