December 22, 2015

Stockholm, 2015-12-22 17:00 CET (GLOBE NEWSWIRE) --

The transaction with Petrosibir AB (publ) (former Shelton Petroleum AB (publ)) has been carried out in accordance with the previously published plan.

Petrogrand has today distributed 22,200,000 B-Shares in Petrosibir AB (publ), to Petrogrand's shareholders.

Muromsky-2 license
Petrogrand has decided to relinquish the Muromsky-2 license.

For further information, please contact:

Cheddi Liljeström, Chairman of the Board.
Dmitry Zubatyuk, CEO and board member.

Phone: +46 8 5000 7810
info@petrogrand.se

About Petrogrand
The shares in Petrogrand are listed at Nasdaq First North Stockholm, an alternative market place (i.e. not a regulated market), up to 4 February 2016.The company's Certified Adviser is Aqurat Fondkommission AB. For more information visit the company's webpage www.petrogrand.se.

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PetroGrand AB issued this content on 2015-12-22 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2015-12-22 16:04:25 UTC

Original Document: http://ir.en.petrogrand.se/releasedetail.cfm?ReleaseID=947944