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 reduces the KRG’s outstanding receivable amount owed to the Company to $32.05 million. The Company continues to be in dialogue with the KRG on its amendment proposal.
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This information is information that ShaMaran is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, on July 27, 2021 at 5:30 p.m. Eastern Time. Pareto Securities AB is the Company’s Certified Advisor on Nasdaq First North Growth Market (Stockholm), +46 8402 5000, [email protected].
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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