By Laura Lutz
Columbus, Ohio, March 20 - Transeuro Energy Corp. added an offering of units to its previously announced private placement of shares, bringing the total expected deal size to C$83.265 million.
In addition to the 135 million shares that priced on March 7, the company now plans to sell 1.5 million units.
Each unit will include one share and one warrant with each warrant exercisable at C$0.61 until Dec. 31, 2007.
Both the shares and the units will be priced at C$0.61.
The shares will be sold to institutional and professional investors in Norway. The units will be sold to one Canadian investor.
The placement will be led by DnB Nor Markets, DnB NOR Bank ASA and Pareto Securities ASA.
Proceeds will be used for exploration and advancement of the company's properties in Canada, Armenia, Ukraine and Papua New Guinea as well as for general working capital.
Transeuro is an oil and natural gas company based in Vancouver, B.C.
| Issuer: | Transeuro Energy Corp.
|
| Issue: | Shares
|
| Amount: | C$83.265 million
|
| Managers: | DnB Nor Markets, DnB NOR Bank ASA, Pareto Securiites ASA
|
| Pricing date: | March 7
|
| Amended: | March 20
|
| Stock symbol: | TSX Venture: TSU
|
| Stock price: | C$0.62 at close March 7
|
|
|
| Shares
|
| Shares: | 135 million
|
| Price: | C$0.61
|
| Warrants: | No
|
|
|
| Units
|
| Units: | 1.5 million
|
| Price: | C$0.61
|
| Warrants: | One per unit
|
| Warrant expiration: | Dec. 31, 2007
|
| Warrant strike price: | C$0.61
|
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