Transeuro Energy Corp.

Transeuro Energy Corp.

March 31, 2011 05:55 ET

Transeuro Energy Corp.: Confirmation of Shares Issued

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 31, 2011) - Transeuro Energy Corp. (TSX VENTURE:TSU)(OSLO:TSU) ("Transeuro" or the "Company") issues confirmation of the number of shares outstanding following the unit private placement and exercise of warrants during the first quarter.

Number of shares outstanding on December 31, 2010 386,417,650
Shares issued -  January 13, 2011 private placement 25,294,000
Shares issued - exercise of warrants 6,765,511
Number of shares outstanding on March 31, 2011 418,477,161

Units issued in the January 13, 2011 private placement included one share and a full warrant.

Number of warrants outstanding on December 31, 2010 21,426,810  
Warrants issued - January 13, 2011 private placement 25,294,000  
Warrants exercised during Q1, 2011 (6,765,511 )
Unexercised warrants which expired on February 11, 2011 (2,950,500 )
Number of warrants outstanding on March 31, 2011 37,004,799  

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, Armenia, 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 

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.

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

Contact Information

  • Transeuro Energy Corp.
    Chris McGillivray
    +1 604 728 0040
    Transeuro Energy Corp.
    David Parry
    +1 604 681 3939
    Transeuro Energy Corp.
    Karen Jenssen
    +47 91 729787