ShaMaran Petroleum Completes Corporate Transition to Bermuda and Plans Oslo Listing
ShaMaran Announces Completion of Corporate Continuance to Bermuda and Update on Primary Listing in Oslo with Required Private Placement of up to EUR 1 million
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ShaMaran Petroleum Ltd. has successfully transitioned its corporate registration from Canada to Bermuda, with shares set to trade on the Euronext Growth Oslo market starting June 5, 2026. To meet listing requirements, the company plans a private placement, aiming to raise up to EUR 1 million.
- 01ShaMaran's shares will begin trading on the Euronext Growth Oslo market under the ticker 'SNM' on June 5, 2026.
- 02The company has completed its corporate continuance from Canada to Bermuda and delisted from the TSX Venture Exchange.
- 03A private placement will be conducted to raise up to EUR 1 million, with a minimum order size of NOK 5,500.
- 04The application period for the private placement runs from May 28 to June 2, 2026.
- 05ShaMaran indirectly holds a 50% working interest in the Atrush Block and an 18% interest in the Sarsang Block in the Kurdistan region of Iraq.
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ShaMaran Petroleum Ltd. has completed its corporate transition from Canada to Bermuda, resulting in the delisting of its shares from the TSX Venture Exchange. The company is set to commence trading on the Euronext Growth Oslo market under the ticker symbol 'SNM' on June 5, 2026. To fulfill the listing criteria, ShaMaran plans to conduct a private placement aimed at raising up to EUR 1 million. This offering will be available to retail investors in Norway and Sweden, with a minimum order size of NOK 5,500. The application period for this private placement is from May 28 to June 2, 2026. Following the registration of shares in the Norwegian Central Securities Depository, the newly issued Swedish Depositary Receipts (SDRs) will be conditionally traded on Nasdaq First North. ShaMaran is an independent oil and gas company focused on the Kurdistan region of Iraq, holding significant interests in key oil blocks.
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The transition to the Euronext Growth Oslo market and the private placement will provide ShaMaran with increased access to capital, potentially enhancing its operational capabilities.
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