ShaMaran President and Chief Executive Officer Dr. Adel Chaouch stated: ""In what continues to be a transformational year for the Company and its stakeholders, we are pleased to reduce ShaMaran's debt leverage on our business through this scheduled bond repayment. Further significant reduction of such leverage remains a key goal for us and we look forward to the expected closing of the TEPKRI acquisition expected in 2022 as the next step in the ShaMaran growth story."
 

OTHER

This information is information that ShaMaran is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, on December10, 2021 at 5:30 p.m. Eastern Time. Pareto Securities AB is the Company's Certified Advisor on Nasdaq First North Growth Market (Stockholm), +46 8402 5000, certifiedadviser.se@paretosec.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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1 ShaMaran's 12% senior unsecured Bond due 2023 (ISIN: NO 001082645.6)