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Article: Transeuro Energy Corp.: Final Settlement of Ukraine Joint Venture Dispute.
- Article from:
- Marketwire Canada
- Article date:
- September 25, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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VANCOUVER, BRITISH COLUMBIA, Sep 25, 2009 (Marketwire via COMTEX) -- Transeuro Energy Corp. ("Transeuro" or the "Company") (TSX VENTURE:TSU)(OSLO:TSU) announces that the Company has signed final and binding Agreements with Rohol-Aufsuchungs Aktiengesellschaft ("RAG") to settle the dispute pertaining to the purported withdrawal by RAG from the joint venture company 'Scythian Energy BV'. The final agreements are consistent with the 'Term Sheet' that was disclosed in the announcement on September 1st.
The salient points of the Settlement Agreement include:
- The global mutual release from all accrued rights and obligations with regards to the joint venture ...