Transmeridian Exploration files $250 million shelf

New York, Oct. 26 - Transmeridian Exploration Inc. registered to sell up to $250 million of securities in a shelf filing with the Securities and Exchange Commission.

Covered by the shelf are common stock, preferred stock, depositary shares and debt securities. Issues sold under the registration may be structured as convertibles.

The Houston-based oil and gas development and production company focusing on the Caspian Sea will use proceeds to finance acquisitions of oil and gas properties or companies in the sector, to repay debt and for general corporate purposes.

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