Transeuro Energy Corp. announces that at the bondholders meeting related to the Senior Secured Convertible Bond, 100 percent of the votes supported a standstill agreement effective until November 15th 2014. The agreement entails that the Company will pay the interest, which fell due May 22nd, 2014 plus late payment interest, as soon as specific [...]
Transeuro Energy Corp. announces that the Company has, through the Nordic Trustee issued a summons to bondholders holding the Senior Secured Convertible Bond Issue 2012/2015. The summons includes a standstill proposal that allows the Company time to conclude specific transactions related to the Company's assets and to receive payment from these [...]
Transeuro Energy Corp. announces that the OSE has assessed the Company's inability to uphold its continuing obligations to file its first quarter report and has determined to suspend the shares from trading. The Company has held discussions with its advisors, bondholders and Trustee and is preparing to issue a summons to call its bondholder to a [...]
Transeuro Energy Corp. announces that it has established an ongoing dialogue with the majority of the outstanding convertible bond holders to discuss alternative arrangements for the existing convertible bonds. The Company continues to be in non-compliance with certain covenants and has failed to make the most recent 12% interest payment on May [...]
Transeuro Energy Corp. announces that the Alberta Securities Commission has issued a Cease Trade Order on the Company for failing to file Annual Audited Financial Statements at the end of April as required. The Company's shares have been halted on the TSXV and trading will not be reinstated until the Company has filed the required annual documents [...]
Transeuro Energy Corp. announces that the Company will not be filing its audited annual financial statements nor its reserves statement by the filing deadline and is not able to prepare the documents until the Company can raise additional funding. As a result, the Company may be issued with a Cease Trade Order by the Canadian Securities Commissions [...]
Transeuro Energy Corp. announces that a total of 4,117,647 common shares have been issued in conjunction with the conversion of NOK 3.5 million of the Company's outstanding Senior Secured Convertible Bond. The Bonds were converted at the conversion rate of NOK 0.85 as defined in the Bond agreement and the shares issued are free trading. The Company [...]
Transeuro Energy Corp. announces that the Company has executed a further drawdown of the Share Purchase Agreement with YA Global Master SPV Ltd. The Company has issued 12,400,000 shares to Yorkville at a deemed price of CAD 0.05, valued at approximately NOK 3,317,200. Shares are issued to Yorkville pursuant to Canadian prospectus exemptions and are [...]
Transeuro Energy Corp. announces that discussions related to the previously announced non-binding Heads of Agreement to acquire an oil and gas company have been terminated for the time being. The companies remain in contact and may resume discussions at a later date. The Company has previously been in constructive negotiations with a number of [...]
Transeuro Energy Corp. announces an update to the Company Strategic Update statement of 28th February 2014 regarding the non-binding Heads of Agreement to acquire an oil and gas company with stable existing production revenue plus a solid appraisal and exploration portfolio. The Company announces that initial negotiations regarding the structure of [...]
Transeuro Energy Corp. announces that the Company has signed a non-binding Heads of Agreement to acquire an oil and gas company with stable existing production revenue, development activities plus a solid appraisal and exploration portfolio. The transaction is subject to inter alia completion of an equity financing for the combined entity, detailed [...]
Transeuro Energy announces that the Company has issued its preliminary financial results for the three months and year ended December 31, 2013, as required by the Oslo Axess. The preliminary results can be found on the Company website or on Oslo Bors NewsWeb). ABOUT THE COMPANY Transeuro is involved in the acquisition of petroleum and natural gas [...]
+400,00 %
-54,84 %