ShaMaran Petroleum, the Kurdistan focused oil development and exploration vehicle, has announced that the company has been approved for trading of its common shares on the First North list of NASDAQ OMX Stockholm (“First North”).
The company’s common shares commenced trading on First North at the market opening on June 22, 2011, under the symbol “SNM”, and will continue to trade on the TSX Venture Exchange under the symbol "SNM".
Mr. Pradeep Kabra, President and CEO, commented:
"We are very pleased to have received approval for trading on First North. A listing on First North will complement our existing listing on the TSX Venture Exchange in Canada and add liquidity and depth of distribution. We welcome many new shareholders when trading commences.”
E. Öhman J:or Fondkommission AB has been engaged as the Company’s financial advisor in conjunction with the secondary listing and is ShaMaran Petroleum’s Certified Advisor on First North.