ShaMaran Petroleum Corp. has announced on Monday that it intends to apply for a secondary listing of its Common Shares on the First North list of the Nasdaq OMX Stock Exchange in Stockholm, Sweden.
E. Ohman J:or Fondkommission AB has been engaged as the Company’s financial advisor in connection with the secondary listing.
Trading on First North is subject to a number of conditions including affiliation of the Company’s shares to Euroclear Sweden, sufficient shareholder distribution in Sweden and distribution of a Company Description. The Company expects to have the listing completed by the end of June.
Mr. Pradeep Kabra, President and CEO, commented:
"We are very excited about the opportunity to trade on First North. We look forward to welcoming many new shareholders when trading commences. A listing on First North will complement our existing listing on the TSX Venture Exchange in Canada and add liquidity and depth of distribution."