Calgary, Canada: - Transeuro Energy Corp. ("Transeuro" or the "Company") announces that the Company held its Annual General Meeting ("AGM") on Tuesday December 10th at 11:00 am in Oslo, Norway. The proposed resolutions were adopted according to the proposal given by the Board with the exception of the special resolution to consolidate the common shares on the basis of ten (10) old shares for one (1) new share. The required approval of two thirds of the voting shares was not achieved and the special resolution was not passed.
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 and has interest in gas exploration and appraisal developments in Crimea, Ukraine.
On behalf of the Board of Directors
Aage Thoen, Chairman
For further information contact:
Darren Moulds, CFO, +1 403 705 1919
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Oslo Axess accepts responsibility for the adequacy or accuracy of this release. 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.