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| News Releases |
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| | December 14, 2011 NEWS RELEASE -- INSIDER PARTICIPATION IN RIGHTS OFERING
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| | NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AUSTRALIA OR JAPAN
Vancouver, Canada: - Transeuro Energy Corp. (the "Company") announces that in line with the Prospectus, the following insiders of the company participated in the guarantee consortium for the Rights Offering and will be issued shares in the Company as described below.
| Insider name |
Position |
Participation in rights offering |
TSU shares in total |
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| Antonio Pedro Paulo |
Director |
435 925 |
506 525 |
| Aage Thoen |
Director |
12 532 853 |
14 380 726 |
| David Worrall |
Officer/ Director |
544 906 |
978 106 |
ABOUT THE COMPANY
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 owns 100% of a gas producing property located in British Columbia, Canada and has interest in gas exploration and appraisal developments in Crimea, Ukraine. In addition, the Company holds a back-in option to Eaglewood Energy Inc.'s exploration licenses in Papua New Guinea.
On behalf of the Board of Directors
Aage Thoen, Chairman
For further information contact:
Darren Moulds, IR, +1 403 705 1919
Karen Jenssen, IR, +47 91729787
http://www.transeuroenergy.com |
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