News Release – Convertible Bond Conversionadmin
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
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
Posted: April 10th, 2014 under ACCESSWIRE.