ShaMaran Petroleum (TSE:SNM) has released an update.
ShaMaran Petroleum Corp. has successfully completed its bond tender offer, receiving bids exceeding the offer amount of $47 million, which will lead to a reduction in the outstanding bond amount to $202.1 million post-settlement. The company will also implement a two-year extension to the bond’s maturity date along with other term amendments following the fulfillment of all conditions. ShaMaran, a Canadian oil and gas firm active in the Kurdistan region of Iraq, is listed on both the TSX Venture Exchange and Nasdaq First North Growth Market.
For further insights into TSE:SNM stock, check out TipRanks’ Stock Analysis page.
