Convertible 2

The Board of Directors of Petrogrand and Shelton Petroleum have not been able to solve the dispute regarding the conditions that have to be fulfilled for the conversion of Convertible 2. Petrogrand has today issued a press release stating their continued intent to convert and to let a court of …

Shelton Petroleum has been informed that Petrogrand has requested conversion of Convertible 2. The parties are in disagreement regarding the right to convert. The board of directors of Shelton Petroleum and Petrogrand are now holding constructive talks and believe that a new solution that potentially could create significant value for …