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VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 19, 2011) - ShaMaran Petroleum Corp. (TSX VENTURE:SNM) ("ShaMaran" or the "Company") reports that it intends to sell on a non-brokered, private placement basis, an aggregate of up to 56 million common shares of the Company at a price of $0.90 per share to eligible investors that may include insiders for gross proceeds of approximately $50.4 million. |
