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-ShaMaran Waiver Request to Bondholders

Nov 20, 2018 - ENP Newswire

VANCOUVER - ShaMaran Petroleum Corp. ('ShaMaran' or the 'Company') (TSX VENTURE: SNM) (NASDAQ First North: SNM) refers to the Company's November 18, 2018news release advising of developments which have led to the expiry of the Marathon acquisition.

Under the terms of the Company's Bond Agreement (ISIN NO 00108264456) the expiry of the Marathon acquisition creates a Marathon Transaction Longstop Event whereby $ 50 million plus accrued interest will be repaid to bondholders. While the Compan...