SHAMARAN PETROLEUM CORP. ("SNM")("SNM.RT")
BULLETIN TYPE: Rights Offering-Shares
BULLETIN DATE: December 31, 2014
TSX Venture Tier 2 Company
The Company has announced it will offer to Shareholders of record on January 12, 2015, Rights to purchase shares of ShaMaran Petroleum Corp. (the 'Company'). One (1) Right will be issued for each share held. For every (100) one hundred Rights held, the holder thereof is entitled to acquire (93) ninety-three common shares upon payment of $9.30 (equivalent of $0.10 per share). The expiry date for the Rights Offering is February 9, 2015. As at December 23, 2014 the Company had 810,983,860 common shares issued and outstanding.
Effective at the opening, Thursday, January 8, 2015, the shares of the Company will trade Ex-Rights and the Rights will commence trading at that time on a 'when-issued basis'. The Company is classified as a 'Mineral Exploration' company.
Summary:
Basis of Offering: 100 Rights exercisable for ninety-three (93) Shares upon payment of $9.30 (equivalent of $0.10 per Share).
Record Date: January 12, 2015
Shares Trade Ex-Rights: January 8, 2015
Rights Called for Trading: January 8, 2015
Rights Trade for Cash: February 4, 2015
- Trading in the rights shall be for cash for the three trading days preceding the expiry date.
Rights Expire: Monday, February 9, 2015
TRADE DATES
February 4, 2015 - TO SETTLE - February 6, 2015
February 5, 2015 - TO SETTLE - February 6, 2015
February 6, 2015 - TO SETTLE - February 9, 2015
February 9, 2015 - TO SETTLE - February 9, 2015
Rights Trading Symbol: SNM.RT
Rights CUSIP Number: 819320 11 0
Subscription Agent and Trustee: Computershare Trust Company of Canada
Authorized Jurisdiction(s): British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, and Nova Scotia.
For further details, please refer to the Company's Short Form Prospectus dated December 23, 2014.
The Company's Short Form Prospectus has been filed with and accepted by the securities regulatory authorities in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, and Nova Scotia, pursuant to the provisions of the respective Securities Acts.
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