Transeuro Energy Corp. Announces Share Consolidation

04.08.2011  |  The Newswire

(via Thenewswire.ca)

Vancouver, Canada: - Transeuro Energy Corp. ("Transeuro" or the "Company") announces today that it will proceed with the consolidation of the Company's issued and outstanding Common Shares on the basis of one (1) new Common Share for every five (5) Common Shares presently issued and outstanding. The last day of trading of the Transeuro shares on the TSX Venture Exchange and the Oslo Axess prior to the consolidation will be 5th August 2011. Transeuro's Common Shares will begin trading on a consolidated basis on the TSX Venture Exchange and the Oslo Axess effective 8 August 2011.

A new CUSIP number of 893651604 and a new ISIN number of CA8936516043 has been obtained to distinguish between the pre and post-consolidated shares. Transeuro's name and trading symbol will remain unchanged. Following completion of the Common Share consolidation, the Company will have approximately 91.7 million Common Shares issued and outstanding.

Pursuant to the resolution passed at the Annual and Special General Meeting of the Company held 15 December 2010, any fractional shares arising upon the consolidation comprising (i) less than one-half of one share will be deemed to have been tendered by the registered owner to the Company by way of gift for cancellation, and will be returned to the authorized but unissued share structure of the Company; and (ii) any fractional shares arising upon the consolidation comprising greater than or equal to one-half share will be converted into one whole share.

Further information regarding the consolidation is found on the Company's homepage.

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 and 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: Chris McGillivray, IR, +1 604 728 0040

Karen Jenssen, IR, +47 91729787

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.

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