An extra general meeting in Shelton Petroleum AB on 22 August 2013 resolved to
issue two convertible debentures amounting to approximately SEK 215 million to
Petrogrand AB. The debentures were subscribed and paid for in September and
conversion has now been requested of Convertible 1. Convertible 1 amount to SEK
30 million and in relation to the conversion 1,500,000 new B-shares will be
issued. Following the conversion the total number of shares will amount to
12,140,588, of which 170,580 are A-shares and 11,970,008 are B-shares, and the
total number of votes will amount to 13,675,808. Convertible 2, which amounts
to approximately SEK 185 million, is conditional on upon certain events that
could create significant value for the shareholders of Shelton Petroleum.
For more information, please contact:
Robert Karlsson, CEO, Shelton Petroleum, +46 709 565 141
robert.karlsson@sheltonpetroleum.com
www.sheltonpetroleum.com
About Shelton Petroleum
Shelton Petroleum is a Swedish company focused on exploring and developing
concessions in Russia and the resource-rich basins of Ukraine. In Russia, the
company holds three licenses in the Volga-Urals area in Bashkiria 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. The Shelton Petroleum share is traded on NASDAQ OMX Stockholm under
the under the symbol SHEL B.
