TORONTO, ONTARIO--(Marketwired - July 31, 2015) - On July 24, 2015, RG Renovatio Group Limited ("Renovatio") acquired ownership of an aggregate of 6,812,070 units ("Units") of Transeastern Power Trust ("Transeastern") in a treasury offering by the issuer in exchange for assets (the "Transaction"). The Units were acquired at a price of $1.00 per Unit. As a result of the Transaction, Renovatio owns an aggregate of 6,812,070 Units, representing approximately 26.65% of the issued and outstanding Units, on a non-diluted basis.
The Units were acquired for investment purposes and Renovatio may, depending on market and other conditions, increase or decrease its beneficial ownership of Units or other securities of Transeastern, whether in the open market, by privately negotiated agreement or otherwise and may also change the registered holder of the securities.
Renovatio is located at Nicosia, Themistokli, Dervi 3 1066, Cyprus. A copy of the report relating to this acquisition can be obtained from Constantinescu Iuliana Margarta at +4031 410 01 91 or on Transeastern's SEDAR profile at www.sedar.com.
The filing of this report is not an admission that an entity named in the report owns or controls any described securities or is a joint actor with another named entity.
Contact Information:
Constantinescu Iuliana Margarta
+4031 410 01 91