Setterwalls has assisted ShaMaran in connection with a fully guaranteed rights issue of SEK 290 million

Setterwalls has assisted ShaMaran Petroleum Corp (“ShaMaran”) in connection with a fully guaranteed rights issue of SEK 290 million.

ShaMaran is an oil and gas exploration company focused on exploration and development in the Kurdistan Region of Iraq. ShaMaran’s mission is to build a leading oil and gas exploration and production company focused on opportunities in the Middle East and North Africa region while creating positive economic and social impacts on the local communities.

ShaMaran’s share is listed on the TSX Venture Exchange and on Nasdaq First North Growth Market.