On 20 November the Board of Shelton Petroleum AB resolved to issue a convertible bond with a maximum nominal amount of SEK 29 520 000. The issue was directed to the holders of Shelton Petroleum’s previously issued convertible bond 2009/2011. At the extraordinary general meeting in Shelton Petroleum held today the shareholders approved that to the extent the subscribers to the new convertible bond are subject to the rules in Chapter 16 of the Companies Act, such subscribers should have the right to subscribe to the issue of the new convertible bond.
For more information, please contact:
Robert Karlsson, CEO, Shelton Petroleum, tel +46 709 565141
About Shelton Petroleum
Shelton Petroleum is a Swedish company focused on exploring and developing concessions in Russia and the resource-rich basins of Ukraine. The company holds three licenses in the Volga-Urals area and has commenced production on the Rustamovskoye field after a successful exploration program. In Ukraine, Shelton Petroleum’s wholly owned subsidiary has a joint venture with Ukrnafta and Chornomornaftogaz, two leading Ukrainian oil and gas companies. Shelton Petroleum is pursuing an integrated business model and holds an equity stake in Baltic Oil Terminals PLC, an AIM listed company with a terminals and transshipment business in Kaliningrad on the coast of the Baltic Sea. The Shelton Petroleum share is traded on the NGM stock exchange under the under the symbol SHEL B.