VANCOUVER, BC, May 25, 2023
/CNW/ - ShaMaran Petroleum Corp. (TSXV: SNM) (Nasdaq First
North Growth Market: SNM) ("ShaMaran Petroleum" or the "Company")
has granted incentive stock options to certain officers, employees
and other eligible persons of the Company to acquire 29,400,000
shares of the Company at an exercise price of CAD$0.063 per share. The options are
exercisable, subject to vesting provisions, over a period of five
years. ShaMaran has also granted 19,750,000 restricted share
units at a price of CAD$0.063 to
certain officers, employees and other eligible persons of the
Company. The restricted share units will vest over three
years. View PDF version
About ShaMaran Petroleum
Corp.
ShaMaran Petroleum Corp. is a Canadian independent oil and gas
company focused on the Kurdistan
region of Iraq. The Company is listed in Toronto on TSX Venture Exchange and in
Stockholm on Nasdaq First North
Growth Market (ticker "SNM"). ShaMaran Petroleum is part of
the Lundin Group of Companies.
Important Information
This is information that ShaMaran is obliged to make public
pursuant to the EU Market Abuse Regulation. The
information was submitted for publication through the
agency of the contact persons set out above on May 25, 2023,
at 5:30 p.m. ET.
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.