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| News Releases |
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| | January 04, 2010 Trading of Canada Shares
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| | Vancouver, Canada: Transeuro Energy Corp. ("Transeuro" or the "Company") confirms that effective January 3rd, 2010 the statutory hold period on the common shares issued in accordance with the Company's debt restructuring completed in September 2009 ended and the shares will be freely tradable when the physical merger of the two ISINs have been finalized in Norway and Canada by the respective administrators.
The process is expected to take a few days and the Company will update the market shortly. The 'TSU-R' share did not trade in Norway today but will again be tradable on Oslo Axess from tomorrow until the merger is finalized.
Transeuro is involved in the acquisition of petroleum and natural gas rights, the exploration for, and development and production of crude oil, condensate and natural gas. The Company's properties are located in Canada, Armenia, and Ukraine. In addition, the Company owns common shares in Eaglewood and holds a back-in option to their exploration licenses in Papua New Guinea.
On behalf of the Board of Directors
Aage Thoen
Chairman
For further information contact:
David Parry, SVP, +1 604 681 3939
Karen Jenssen, IR, +47 91 729787
http://www.transeuroenergy.com
The TSX Venture Exchange and Oslo Bors have not reviewed, and do not accept responsibility for the adequacy or accuracy of the content of this news release. The statements contained in this release that are not historical facts are forward-looking statements, which involve risks and uncertainties that could cause actual results to differ materially from the targeted results. The Company relies upon litigation protection for forward looking statements. |
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