Quantcast

News Release Convertible Bond Conversion - 12 News KBMT and K-JAC. News, Weather and Sports for SE Texas

News Release Convertible Bond Conversion

Posted: Updated:

CALGARY, CANADA/ ACCESSWIRE / April 10, 2014 / Transeuro Energy Corp. (“Transeuro” or the “Company”) announces that a total of 4,117,647 common shares have been issued in conjunction with the conversion of NOK 3.5 million of the Company’s outstanding Senior Secured Convertible Bond (“Bonds”). The Bonds were converted at the conversion rate of NOK 0.85 as defined in the Bond agreement and the shares issued are free trading. The Company now has NOK 43.5 million (approximately CAD $8.0 million) outstanding.

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, has interest in gas exploration and appraisal developments in Crimea, Ukraine and an oilfield redevelopment project in Jordan.

On behalf of the Board of Directors
Aage Thoen, Chairman

For further information contact:
Darren Moulds, IR, +1 403 705 1919
http://www.transeuroenergy.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Oslo Axess accepts responsibility for the adequacy or accuracy of this 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.

SOURCE: Transeuro Energy Corp 

ReleaseID: 414235

Powered by WorldNow

Newsroom: (409) 838-1212
Front Desk: (409) 833-7512
News Fax: (409) 981-1564
News Email: 12News@kbmt12.com

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KBMT. All Rights Reserved.
Users of this site agree to the Terms of Service, Privacy Notice/Your California Privacy Rights, and Ad Choices.