Sep 28th, 2011 Copyright (c) 2011 Thenewswire.ca - All rights reserved.
(via Thenewswire.ca)
Vancouver, Canada: - Transeuro Energy Corp. ("Transeuro" or the "Company") announces that share purchase warrants issued as part of the January private placement have been re priced and extended as follows:
Number or warrants repriced: 4,954,080 (post consolidation)
Original exercise price: $0.50 (post consolidation)
Original expiry date: 13th April 2012
New exercise price: $0.20
New expiry date: 13th October 2012
Forced Exercise Provision: If the closing price for the Company's shares is $0.27 or greater for a period of 10 consecutive trading days, then the warrants will expire on the 37th day following the 10th trading day.
There are an additional 104,720 insider warrants outstanding which expiry date is also extended to 13th October 2012, but the exercise price will remain at $0.50.
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
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.
Copyright (c) 2011 Thenewswire.ca - All rights reserved.
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