Oct 11th, 2012 Copyright (c) 2012 Thenewswire.ca - All rights reserved.
(via Thenewswire.ca)
Calgary, Canada: - Transeuro Energy Corp. ("Transeuro" or the "Company") announces it has made an application to the TSX Venture Exchange (the "Exchange") to extend the expiry date of 5,058,800 warrants issued to placees pursuant to a financing of the Company which closed on January 13, 2011. The expiry date of the warrants was originally April 13, 2012 and previously extended to October 13, 2012. The Company is applying to extend the expiry date to April 13, 2013.
The exercise price of the warrants will remain at $0.20, except for 104,720 warrants issued to insiders of the Company which will remain at $0.50. Each warrant, when exercised, will be exchangeable for one common share of the Company. The warrant amendment remains subject to the approval of the Exchange.
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.
On behalf of the Board of Directors
Aage Thoen, Chairman
For further information contact: Darren Moulds, Transeuro 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.
Copyright (c) 2012 Thenewswire.ca - All rights reserved.
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