Transeuro Energy Corp.Transeuro Energy Corp.
TSX-V: TSU   $0.02   unch   Vol: 84030
Date: 05-06-2014   Time: 12:41 EST
Oslo Axess: TSU - link
Transeuro Energy Corp.
Transeuro Energy Corp.
Transeuro Energy Corp.
News
News Releases
Transeuro Energy Corp.

Show printable version of 'Extension Of Subscription Period' in a New Window
 March 11, 2010
Extension Of Subscription Period

 Vancouver, Canada: Transeuro Energy Corp. ("Transeuro" or the "Company") reported today that the Company will extend the subscription period for the NOK 75-130 million secured bond issue in the market. The Board of Directors has decided to extend the subscription period until 16:00 CET on Friday, March 19th, to allow a number of larger investors sufficient time to evaluate the investment proposal more thoroughly. The main purpose of this bond is to secure funds to complete the Karl-101 well in Ukraine, to settle the Series A debenture with full repayment of CDN$2 million, and to secure working capital for the next 12-18 months.

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 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.
 
 

You can view the Next News Releases item: Mon Mar 22, 2010, Update on Funding Activities

You can view the Previous News Releases item: Fri Feb 19, 2010, General Corporate Update

You can return to the main News Releases page, or press the Back button on your browser.