News Column

TRANSEURO ENERGY CORP. - CONVERTIBLE BOND UPDATE

May 28, 2014



ENP Newswire - 28 May 2014

Release date- 27052014 - Calgary, Canada - 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 22nd. The outstanding amount of the bond is NOK 43.5 million.

The Company will continue working with its advisors and the bond holders to develop forward plans to obtain access to additional financing, explore merger/acquisition opportunities and will provide updates as appropriate.

ABOUT THE COMPANY

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 owns 100% of a gas producing property located in British Columbia, Canada, has interest in gas exploration and appraisal developments in Crimea, Ukraine and an oilfield redevelopment project in Jordan.

IR Contact:

Darren Moulds

Tel: +1 403 705 1919

www.transeuroenergy.com

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.


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Source: ENP Newswire


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