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Transeuro Energy Corp.: Management Request Trading Halt
Last Update: 5/26/2009 12:15:05 AM
VANCOUVER, BRITISH COLUMBIA, May 26, 2009 (Marketwire via COMTEX) --
Transeuro Energy Corp. ("Transeuro" or the "Company") (TSU)(OSLO:TSU)
announces that it has requested the Oslo Bors Stock Exchange to
suspend trading of its shares today as the Company is in the final
stages of a debt restructuring process. Parties related to the
restructuring now possess information that is currently not available
to the public and the Company cannot control information that may be
considered price sensitive.
The Company will release further information on the restructuring as
soon as the various parties have finalized their response to proposals
made by the Company so that normal trading can resume as soon as
possible.
Transeuro Energy Corp. 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, Armenia and Ukraine.
On behalf of the Board of Directors
David Worrall, CEO
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.
Last Update: 5/26/2009 12:15:05 AM
VANCOUVER, BRITISH COLUMBIA, May 26, 2009 (Marketwire via COMTEX) --
Transeuro Energy Corp. ("Transeuro" or the "Company") (TSU)(OSLO:TSU)
announces that it has requested the Oslo Bors Stock Exchange to
suspend trading of its shares today as the Company is in the final
stages of a debt restructuring process. Parties related to the
restructuring now possess information that is currently not available
to the public and the Company cannot control information that may be
considered price sensitive.
The Company will release further information on the restructuring as
soon as the various parties have finalized their response to proposals
made by the Company so that normal trading can resume as soon as
possible.
Transeuro Energy Corp. 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, Armenia and Ukraine.
On behalf of the Board of Directors
David Worrall, CEO
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.