/NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION,
DIRECTLY OR INDIRECTLY, WITHIN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, HONG
KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH
AFRICA, SWITZERLAND, OR ANY
OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR
PUBLICATION WOULD BE UNLAWFUL OR REQUIRE ANY OTHER MEASURES THAN
REQUIRED BY SWEDISH OR CANADIAN LAW./
VANCOUVER, BC, April 26, 2022 /CNW/ - ShaMaran Petroleum
Corp. ("ShaMaran" or the "Company") (TSXV: SNM) (Nasdaq First
North Growth Market (Sweden): SNM)
has prepared a supplement to the prospectus regarding the rights
issue of up to approximately USD 30.5
million, which was approved by the Swedish Financial
Supervisory Authority (Sw. Finansinspektionen) (the "SFSA")
on April 7, 2022, and published by
the Company on the same date (the "Prospectus" and the
"Supplement"). The Supplement has been prepared in accordance with
Article 23 of Regulation (EU) 2017/1129 of the European Parliament
and of the Council (the "Prospectus Regulation") and has today
been approved by the SFSA and published on the Company's website,
www.shamaranpetroleum.com. The Supplement is part of, and shall be
read together with, the Prospectus. View PDF version.
The Supplement has been prepared due to ShaMaran´s publication
of (i) its consolidated audited financial statements for the three
and twelve months ended December 31,
2021 and (ii) a detailed property report for the Atrush
Block as of December 31, 2021, as
announced by ShaMaran through a press release on April 25, 2022.
OTHER
This information was submitted for publication,
through the agency of the contact persons set out below,
on April 26, 2022 at 5:30 p.m. Eastern
Time.
Arctic Securities AS (Swedish branch), is the Company's
Certified Adviser on Nasdaq First North Growth Market (Sweden) +46 844 68 61 00,
certifiedadviser@arctic.com.
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 news release.
IMPORTANT INFORMATION
The information in this
press release may not be released, distributed or published,
directly or indirectly, in or into The
United States of America, Australia, Hong
Kong, Japan, New Zealand, Singapore, South
Africa, Switzerland, or any
other jurisdiction in which the release, distribution or
publication would be unlawful or require any other measures than
required by Swedish or Canadian law. Actions in violation of these
restrictions may constitute a violation of applicable securities
laws.
This news release does not constitute an offer to sell or the
solicitation of an offer to buy any securities of the Company in
any jurisdiction. There shall be no offer or sale of, or
solicitation of an offer to buy, any securities in any jurisdiction
in which such offer, sale or solicitation would be unlawful.
The subscription rights for the Company´s shares, and any shares
issuable upon exercise of such subscription rights, have not been
and will not be registered under the United States Securities Act
of 1933, as amended (the "1933 Act"), or any state securities laws,
and may not be directly or indirectly offered, sold, resold or
exercised, as applicable, in the United
States or to, or for the account or benefit of, any U.S.
person (as those terms are defined in Regulation S under the 1933
Act) unless they are registered under, or the transaction is exempt
from the registration requirements of, the 1933 Act and applicable
state securities laws.
This release is not a prospectus in accordance with the
definition in the Prospectus Regulation and has not been approved
by any regulatory authority in any jurisdiction. The approval of
the Prospectus or the Supplement should not be interpreted as an
approval of any offered securities. In order for investors to fully
understand the potential risks and benefits associated with a
decision to participate in the rights issue, any investment
decision made by investors in Sweden should only be made based on the
information in the Prospectus and the Supplement. Thus, investors
in Sweden are encouraged to review
the Prospectus and the Supplement in their entirety. This press
release constitutes an advertisement in accordance with article
2 k of the Prospectus Regulation.
This news release has been prepared on the basis that any offer of
securities in any Member State of the European Economic Area, other
than Sweden, which has implemented
the Prospectus Regulation (each, a "Relevant Member State") will be
made pursuant to an exemption under the Prospectus Regulation, as
implemented in that Relevant Member State, from the requirement to
publish a prospectus for offers of securities. Accordingly any
person making or intending to make any offer in that Relevant
Member State of securities which are the subject of the offering
contemplated in this news release, may only do so in circumstances
in which no obligation arises for the Company to publish a
prospectus pursuant to Article 3 of the Prospectus Regulation or
supplement a prospectus pursuant to Article 23 of the Prospectus
Regulation, in each case, in relation to such offer. The Company
has not authorized, nor do it authorize, the making of any offer of
the securities through any financial intermediary. The Company has
not authorized, nor does it authorize, the making of any offer of
securities in circumstances in which an obligation arises for the
Company to publish or supplement a prospectus for such offer.
ABOUT SHAMARAN
ShaMaran is a Kurdistan focused oil development and
exploration company which holds a 27.6% interest, through its
wholly-owned subsidiary General Exploration Partners, Inc., in the
Atrush Block and as announced in the Company's news release of
July 12, 2021 upon successful closing
of the acquisition from a TotalEnergies' affiliate will then also
hold an 18% interest through its then wholly-owned subsidiary
TEPKRI Sarsang A/S in the Sarsang Block.
ShaMaran is a Canadian oil and gas company listed on the TSX
Venture Exchange and the Nasdaq First North Growth Market
(Sweden) under the symbol "SNM"
and is part of the "Lundin Group of Companies".
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SOURCE ShaMaran Petroleum Corp.