ShaMaran Reports Successful Bond Tender Offer

ShaMaran Petroleum (TSE:SNM) has released an update.

ShaMaran Petroleum Corp. has successfully completed its bond tender offer, receiving bids exceeding the offer amount of $47 million, which will lead to a reduction in the outstanding bond amount to $202.1 million post-settlement. The company will also implement a two-year extension to the bond’s maturity date along with other term amendments following the fulfillment of all conditions. ShaMaran, a Canadian oil and gas firm active in the Kurdistan region of Iraq, is listed on both the TSX Venture Exchange and Nasdaq First North Growth Market.

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