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Transeuro Energy updates on potential acquisition of oil and gas company


Monday, 10 Mar 2014 02:30am EDT 

Transeuro Energy Corp:Says initial negotiations in connection with Heads of Agreement (HoA) signed on Feb. 28 regarding acquisition of oil and gas company have not been successful.Says, among others, pre-sounding for the required equity financing did not result in the comfort required and the HoA expired on March 7.The parties are in discussions to amend the terms of the expired HoA and to revise the structure and terms of the contemplated acquisition. 

Company Quote

0.02
0.0050 +33.33%
6 May 2014