Dominion Lending Centres Clearlease Reports ShaMaran Petroleum (TSXV:SNM.V) has closed the first tranche of its $50.4 million private placement

Dominion Lending Centres Clearlease Reports ShaMaran Petroleum (TSXV:SNM.V) has closed the first tranche of its $50.4 million private placement

VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports ShaMaran Petroleum Corp. (TSXV:SNM.V) is pleased to announce that it has closed the first tranche of its $50.4 million private placement, previously announced on April 19, 2011. The first tranche, comprising 8,888,900 common shares, issued at $0.90 per common share, has been released to the investors. These shares are subject to a hold period expiring on September 5, 2011.

The second tranche comprising the remaining 47,111,100 common shares is expected to close this week.

A 4% finder’s fee, payable in cash, will be paid on a portion of the private placement.

Net proceeds of the private placement will be used towards the Company’s ongoing work program in Kurdistan as well as for general working capital purposes.

The private placement has been conditionally accepted by the TSX Venture Exchange.

ShaMaran Petroleum Corp. is a Kurdistan focused oil development and exploration vehicle. Its initial four projects in the region are the Pulkhana development/appraisal block, the Arbat and K42 exploration blocks as well as the newly acquired Atrush block. These projects are nearby and on trend with existing fields and recent discoveries. Kurdistan lies within the northern extension of the Zagros Folded Belt. The area is highly underexplored and is currently undergoing a significant exploration and development campaign by over 30 mid to large size international oil companies. ShaMaran Petroleum is a Canadian oil and gas company listed on the TSX Venture Exchange under the symbol “SNM”.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports ShaMaran Petroleum (TSXV:SNM.V) has closed the first tranche of its $50.4 million private placement

VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports ShaMaran Petroleum Corp. (TSXV:SNM.V) is pleased to announce that it has closed the first tranche of its $50.4 million private placement, previously announced on April 19, 2011. The first tranche, comprising 8,888,900 common shares, issued at $0.90 per common share, has been released to the investors. These shares are subject to a hold period expiring on September 5, 2011.

The second tranche comprising the remaining 47,111,100 common shares is expected to close this week.

A 4% finder’s fee, payable in cash, will be paid on a portion of the private placement.

Net proceeds of the private placement will be used towards the Company’s ongoing work program in Kurdistan as well as for general working capital purposes.

The private placement has been conditionally accepted by the TSX Venture Exchange.

ShaMaran Petroleum Corp. is a Kurdistan focused oil development and exploration vehicle. Its initial four projects in the region are the Pulkhana development/appraisal block, the Arbat and K42 exploration blocks as well as the newly acquired Atrush block. These projects are nearby and on trend with existing fields and recent discoveries. Kurdistan lies within the northern extension of the Zagros Folded Belt. The area is highly underexplored and is currently undergoing a significant exploration and development campaign by over 30 mid to large size international oil companies. ShaMaran Petroleum is a Canadian oil and gas company listed on the TSX Venture Exchange under the symbol “SNM”.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports ShaMaran Petroleum (TSXV:SNM.V) has closed the first tranche of its $50.4 million private placement

VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports ShaMaran Petroleum Corp. (TSXV:SNM.V) is pleased to announce that it has closed the first tranche of its $50.4 million private placement, previously announced on April 19, 2011. The first tranche, comprising 8,888,900 common shares, issued at $0.90 per common share, has been released to the investors. These shares are subject to a hold period expiring on September 5, 2011.

The second tranche comprising the remaining 47,111,100 common shares is expected to close this week.

A 4% finder’s fee, payable in cash, will be paid on a portion of the private placement.

Net proceeds of the private placement will be used towards the Company’s ongoing work program in Kurdistan as well as for general working capital purposes.

The private placement has been conditionally accepted by the TSX Venture Exchange.

ShaMaran Petroleum Corp. is a Kurdistan focused oil development and exploration vehicle. Its initial four projects in the region are the Pulkhana development/appraisal block, the Arbat and K42 exploration blocks as well as the newly acquired Atrush block. These projects are nearby and on trend with existing fields and recent discoveries. Kurdistan lies within the northern extension of the Zagros Folded Belt. The area is highly underexplored and is currently undergoing a significant exploration and development campaign by over 30 mid to large size international oil companies. ShaMaran Petroleum is a Canadian oil and gas company listed on the TSX Venture Exchange under the symbol “SNM”.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk



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