Petrogrand AB
Reversal of sale of shares in Shelton Petroleum AB (publ)
Petrogrand AB 16.04.2015 15:20 Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Stockholm, 2015-04-16 15:20 CEST (GLOBE NEWSWIRE) -- The company has today entered into an agreement with the purchaser to immediately unwind the sale of shares in Shelton Petroleum AB (publ) announced by the company on the 9th of April 2015 and as a result thereof the company now indirectly through subsidiaries holds 4,700,000 B-shares in Shelton. Due to a confidentiality undertaking, the company may not publish any closer details regarding the counterparty or the transaction other than the fact that the reversal has not resulted in any costs for the company. Other This press release contains information that the company is obliged to publish according to the Financial Instruments Trading Act (1991:980) and/or the Securities Markets Act (2007:528). This information was sent for publishing at 3.20 pm on 16 April 2015. For further information Cheddi Liljeström, Chairman of the Board Phone: +46850007810 info@petrogrand.se About Petrogrand Petrogrand's overall business concept is to conduct oil production through acquired Russian subsidiaries and oil licenses. The company is also to manage and refine Russian oil resources and, when favorable, dives assets and licenses. The shares in Petrogrand are listed at Nasdaq OMX First North, an alternative market place (i.e. not a regulated market) and the company's Certified Adviser is Mangold Fondkommission AB. For more information visit our webpage www.petrogrand.com. News Source: NASDAQ OMX 16.04.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Petrogrand AB Sweden Phone: Fax: E-mail: Internet: ISIN: SE0001587593 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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