VANCOUVER, BC, March 13,
2024 /CNW/ - ShaMaran Petroleum Corp.
("ShaMaran" or the "Company") (TSXV: SNM) (Nasdaq First North:
SNM) has granted incentive stock options to certain officers,
employees and other eligible persons of the Company to acquire
26,540,000 shares of the Company at an exercise price
of CAD$0.05 per share. The options are exercisable,
subject to vesting provisions, over a period of five years.
ShaMaran has also granted 41,110,000 restricted share units at a
price of CAD$0.05 to certain
officers, employees and other eligible persons of the
Company. The restricted share units will vest over three
years. View PDF
About ShaMaran Petroleum
Corp.
ShaMaran is a Canadian independent oil and gas company focused
on the Kurdistan region of
Iraq. The Company indirectly holds
an 18% working interest (22.5% paying interest) in the Sarsang
Block, and, subject to closing the previously announced
transaction, will increase its indirect 27.6% working interest in
the Atrush Block to 50%. The Company is listed in Toronto on TSX Venture Exchange and in
Stockholm on Nasdaq First North
Growth Market (ticker "SNM"). ShaMaran is part of the Lundin Group
of Companies.
Important Information
ShaMaran is obliged to make this information public pursuant
to the EU Market Abuse Regulation. This information was submitted
for publication through the agency of the contact person set out
below on March 13, 2024, at 5:30 p.m. Eastern
Time.
The Company's certified advisor on Nasdaq First North Growth
Market is Arctic Securities AS (Swedish branch), +46 844 68
6100, certifiedadviser@arctic.com.
Neither 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.
SOURCE ShaMaran Petroleum Corp.