As previously communicated the last day of trading in the Petrosibir
share on Nasdaq Stockholm was 4 February 2016. In order to facilitate
trading in the share until a listing takes place on a new market place
the company will enter into an agreement with beQuoted AB who organizes
OTC-trading in securities that, for various reasons, are not traded on
an exchange. It is expected that trading in the Petrosibir share can
start on the OTC-list at beQuoted within 2 weeks.
It is a priority for the Board and Petrosibir to find a new market place
for the share in order to have a liquidity and pricing of the share.
Petrosibir has initiated an evaluation of different exchanges in Sweden
and as an alternative Petrosibir also intends to investigate and
evaluate listing on a foreign exchange. The objective is to find a
generally recognized market place where the share can be traded.
For more information, please contact:
Dmitry Zubatyuk, CEO, +46 8 407 1850
Gunnar Danielsson, deputy CEO and CFO,+46 70 738 0585
www.petrosibir.com
About Petrosibir
Petrosibir (previously Shelton Petroleum) is a Swedish company focused
on exploring and developing concessions in Russia. Petrosibir’s
Ukrainian operations have been distributed to its shareholders. The
company holds licenses in the Russian republics of Bashkiria and Komi.
Petrosibir’s 2P oil reserves amount to 32 million barrels.
This is an English translation of the Swedish original. In case of
discrepancies, the Swedish original shall prevail.
