LUXEMBOURG, June 22, 2018 /CNW/ - Zebra Holdings and
Investments S.à.r.l. ("Zebra"), a company controlled by a trust
settled by the late Adolf H. Lundin,
incorporated under the laws of Luxembourg, 40, Boulevard Grande Duchesse
Charlotte, L-1330 Luxembourg,
announced today that it had acquired 121,584,842 common shares of
ShaMaran Petroleum Corp. ("ShaMaran" or the
"Company" - TSXV:SNM.V and NASDAQ First North: SNM.ST) for
SEK 0.6815 (Cdn$0.1022) per common share representing
approximately 5.63% of the Company's issued and outstanding
share capital. The common shares were acquired by private agreement
through the facilities of the NASDAQ First North on June 21, 2018 for a total consideration of
SEK82,860,069.82 (Cdn$12,425,970.90).
As a result of this acquisition, Zebra now holds a total of
382,347,532 common shares or approximately 17.71% whereas Lorito
Holdings S.à.r.l.'s ("Lorito"), a company controlled by the same
trust, holdings remained unchanged at 101,887,408 common shares
representing approximately 4.72% of the Company's issued and
outstanding share capital. Collectively, Zebra and Lorito now hold
a total of 484,234,940 common shares representing approximately
22.43% of the Company's issued and outstanding share capital.
Lorito and Zebra are joint actors with respect to their common
shares of ShaMaran which were acquired for investment purposes.
Each of Lorito and Zebra may from time to time increase or decrease
their investments in the common shares of ShaMaran depending upon
the business and prospects of ShaMaran and depending upon future
market conditions.
A copy of the Early Warning Report filed pursuant to National
Instrument 62-103 may be obtained from Sandy Kansky, 1-604-806-3574
SOURCE Zebra Holdings & Investments S.a.r.l.