ShaMaran Petroleum Corp. has issued shares in a rights issue of approximately CAD 75 million on Nasdaq First North and TSX Venture Exchange

ShaMaran Petroleum Corp. announced on 15 October 2014 a rights issue of approximately CAD 75 million for the company’s shareholders which held shares on Nasdaq First North and TSX Venture Exchange. The company has furthermore published a prospectus regarding the rights issue. The company issued a total amount of 713,308,912 shares in the rights issue, the completion of which was announced on 10 February 2015.

Gernandt & Danielsson advised ShaMaran Petroleum Corp. with a team consisting of Partner Carl Westerberg, Senior Associate Leo Lee and Associate Erika Olofsson.