TransAmerican Energy Inc.
TSX VENTURE : TAE
FRANKFURT : YQJ

TransAmerican Energy Inc.

February 17, 2009 08:31 ET

TransAmerican Consolidates Share Capital on 10:1 Basis

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 17, 2009) - TransAmerican Energy Inc. (TSX VENTURE:TAE)(FRANKFURT:YQJ) (the "Company", "TAE", or "TransAmerican") announces that on December 30, 2008 it received shareholder approval to a 10:1 consolidation of its share capital, as disclosed in the Company's News Release dated November 19, 2008, and on February 13, 2009 received acceptance from the TSX Venture Exchange to the consolidation.

Accordingly, the Company has, effective today, February 17, 2009, consolidated its issued and unissued share capital at an exchange ratio of one (1) new TAE share for each ten (10) old TAE shares. The common shares of TAE commenced trading on a consolidated basis at the opening today. A Letter of Transmittal will be mailed today to shareholders, with instructions on how to exchange old share certificate(s) for new share certificate(s) of TAE. As previously announced, there was no change of name with this consolidation.

ON BEHALF OF THE BOARD

Ron Hughes, President

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • TransAmerican Energy Inc.
    Ron Hughes
    President
    (604) 718-2800
    (604) 718-2808 (FAX)