|
23.06.25 - 23:30
|
ShaMaran Announces Annual Meeting Voting Results (Cision)
|
|
VANCOUVER, BC, June 23, 2025 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSXV: SNM) (Nasdaq First North: SNM) held its annual general and special meeting of shareholders in Vancouver, British Columbia today, and all resolutions were passed.
Shareholders voted as follows on the matters before the meeting:
Fixing the number of Directors
Shareholders fixed the number of directors at five (5) with 99.65% of shares represented at the meeting voting in favour.
Re-election of Directors
Shareholders elected the following five (5) board members to serve on the...
|
|
|
07.05.25 - 23:30
|
ShaMaran Reports First Quarter 2025 Results (Cision)
|
|
VANCOUVER, BC, May 7, 2025 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSXV: SNM) (Nasdaq First North: SNM) today released its financial and operating results and related management's discussion and analysis (“MD&A”) for the three months ended March 31, 2025.
Garrett Soden, President and CEO of ShaMaran, commented: “The strong momentum from ShaMaran's 2024 performance continued in Q1 2025, with significant increases in our working interest production, sales and EBITDAX[1] compared to Q1 2024. In the first four months of 2025, we repaid approximately $56 million of our...
|
|
11.04.25 - 08:01
|
ShaMaran Announces Bondholder Approval (Cision)
|
|
VANCOUVER, BC, April 11, 2025 - ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSXV: SNM) (Nasdaq First North: SNM) announces that a large majority of the Company's bondholders in the 12% senior unsecured bond due July 2027 (the “Bond”) have voted in favor of the previously announced proposal to amend the Bond as referenced in the Company's news release of March 27, 2025.
The approved amendments to the Bond include converting the mandatory quarterly cash sweep to voluntary and extending the maturity by two years to July 2029.
Important Information
ShaMaran is obliged to...
|
|
08.04.25 - 08:06
|
ShaMaran Reports Partial Bond Repayment (Cision)
|
|
VANCOUVER, BC, April 8, 2025 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSXV: SNM) (Nasdaq First North: SNM) announces that it will repay a portion of the 12% senior unsecured bond (ISIN NO0011057622) (the “Bond”) on April 30, 2025. The Company expects to repay approximately $29.4 million (17% of the current total outstanding amount) at par pro rata to all bondholders utilizing the cash sweep mechanism under the amended and restated Bond terms dated June 27, 2024. The total outstanding amount of the Bond following the partial repayment will be approximately $143.8...
|
|
27.03.25 - 07:01
|
ShaMaran Announces Bond Summons (Cision)
|
|
VANCOUVER, British Columbia, Mar. 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.
The Company has met with and received strong support for the Proposal...
|
|
|
12.03.25 - 22:30
|
ShaMaran Reports Fourth Quarter 2024 Results and Year-End Reserves and Resources (Cision)
|
|
VANCOUVER, BC, March 12, 2025 /CNW/ - ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSXV: SNM) (Nasdaq First North: SNM) today released its financial and operating results and related management's discussion and analysis (MD&A) for the three and twelve months ended December 31, 2024.
Garrett Soden, President and CEO of ShaMaran, commented: “ShaMaran's performance in 2024 was transformational. We completed the accretive acquisition of the additional working interest in Atrush and more than doubled our working interest production to a record of over 21,000 barrels of oil per day....
|
|
27.01.25 - 08:06
|
ShaMaran Reports Partial Bond Repayment (Cision)
|
|
VANCOUVER, BC, Jan. 27, 2025, /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSXV: SNM) (Nasdaq First North: SNM) announces that it will repay a portion of the 12% senior unsecured bond (ISIN NO0011057622) (the “Bond”) on January 30, 2025. The Company expects to repay approximately $26.8 million (13% of the current total outstanding amount) at par pro rata to all bondholders utilizing the cash sweep mechanism under the amended and restated Bond terms dated June 27, 2024. The total outstanding amount of the Bond following the partial repayment will be approximately $173.1...
|
|
31.12.24 - 14:30
|
ShaMaran Corporate Update (Cision)
|
|
VANCOUVER, BC, Dec. 31, 2024 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSXV: SNM) (Nasdaq First North: SNM) announces that a total of 15,140,000 stock options and 21,340,000 Restricted Share Units (“RSUs”) were granted today (“Grant Date”) to certain officers, employees and other eligible persons of the Company pursuant to the Company's Stock Option Plan and Share Unit Plan. In addition, a total of 1,921,480 Deferred Share Units (“DSUs”) were granted today to the non-executive directors of the Company pursuant to the Company's Deferred Share Unit Plan.
The stock...
|
|
|
07.11.24 - 23:31
|
ShaMaran Reports Third Quarter 2024 Results (Cision)
|
|
VANCOUVER, BC, Nov. 7, 2024 /CNW/ - ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSXV: SNM) (Nasdaq First North: SNM) today released its financial and operating results and related management's discussion and analysis (MD&A) for the three and nine months ended September 30, 2024.
Garrett Soden, President and CEO of ShaMaran, commented: “This is another strong quarter for ShaMaran, with the benefits of the TAQA/HKN transaction starting to show through our higher share of production and local sales at Atrush. We remain focused on minimizing our cost base and deleveraging...
|
|
28.10.24 - 22:31
|
ShaMaran Reports Market Purchase and Cancellation of Bonds (Cision)
|
|
VANCOUVER, BC, Oct. 28, 2024 /CNW/ - ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSXV: SNM) (Nasdaq First North: SNM) announces the market purchase and cancellation of $2.1 million of the Company's 12% senior unsecured bond (ISIN NO0011057622) (the “Bond”). The total outstanding amount of the Bond as of the date of this press release is $200.0 million.
ShaMaran plans to publish its financial statements for the nine months ending September 30, 2024, on November 7, 2024. Except as otherwise indicated, all currency amounts indicated as “$” in this news release are expressed...
|
|
|
08.08.24 - 23:36
|
ShaMaran Reports Second Quarter 2024 Results (Cision)
|
|
VANCOUVER, BC, Aug. 8, 2024 /CNW/ - ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSXV: SNM) (Nasdaq First North: SNM) today released its financial and operating results and related management's discussion and analysis (MD&A) for the three and six months ended June 30, 2024.
Garrett Soden, President and CEO of ShaMaran, commented: “Our two blocks in Kurdistan continue to deliver solid EBITDAX[1] and cash flow from local market sales. The recent TAQA/HKN transaction closing will allow us to increase production and local sales at Atrush. With the bond maturity extension in...
|
|
07.08.24 - 07:01
|
ShaMaran Closes Atrush Transaction with TAQA and HKN (Cision)
|
|
VANCOUVER, BC, August 7, 2024 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSXV: SNM) (Nasdaq First North: SNM) has closed the acquisition of TAQA Atrush B.V. and the subsequent sale of an indirect interest in Atrush to HKN Energy IV, Ltd. announced on January 22, 2024. The two-step transaction increased the Company's indirect 27.6% stake in the Atrush Block to a 50% working interest (66.67% paying interest) following the sale of an indirect 25% working interest (33.33% paying interest) to HKN Energy IV, Ltd. An affiliate of HKN Energy is now operator of the Atrush Block,...
|
|
25.06.24 - 23:31
|
ShaMaran Announces Annual Meeting Voting Results (Cision)
|
|
VANCOUVER, BC, June 25, 2024 /CNW/ - ShaMaran Petroleum Corp. (TSX Venture and Nasdaq First North: SNM) (“ShaMaran Petroleum” or the “Company”) held its annual general and special meeting of shareholders in Vancouver, British Columbia today, and all resolutions were passed.
Shareholders voted as follows on the matters before the meeting:
Fixing the number of Directors
Shareholders fixed the number of directors at five (5) with 99.78% of shares represented at the meeting voting in favour.
Re-election of Directors
Shareholders elected the following five (5) board...
|
|
24.06.24 - 08:01
|
ShaMaran Announces Bond Tender Results (Cision)
|
|
VANCOUVER, BC, June 24, 2024 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSXV: SNM) (Nasdaq First North: SNM) announces the positive results of the buy-back tender offer to bondholders in the Company's 12% senior unsecured bond (ISIN NO 0011057622) (the “Bond”) previously disclosed in the Company's news release on June 10, 2024.
The Company received more than enough offers to fill the full tender amount of US$47 million, and settlement will take place on June 26, 2024.
Following settlement of the tender and cancellation of the US$5.9 million in Company-owned bonds,...
|
|
10.06.24 - 23:31
|
ShaMaran Announces Bondholder Approval and Launch of Bond Tender (Cision)
|
|
VANCOUVER, BC, June 10, 2024 /CNW/ - ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSXV: SNM) (Nasdaq First North: SNM) announces that a large majority of the Company's bondholders in the 12% senior unsecured bond due July 2025 (ISIN NO 0011057622)(the “Bond”) have voted in favor of the previously announced proposal to amend the Bond as referenced in the Company's news releases on May 21, 2024, and May 27, 2024.
The approved amendments to the Bond include a two-year extension of the maturity date to July 2027 and other financial matters that are now conditionally granted...
|
|