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Article: Transeuro Energy Corp.: Extension of Series A Debentures & Notice to Bondholders.
- Article from:
- Marketwire Canada
- Article date:
- October 28, 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, Oct 28, 2009 (Marketwire via COMTEX) -- Transeuro Energy Corp. (TSX VENTURE:TSU)(OSLO:TSU) ("Transeuro" or the "Company") announces that the Company has negotiated an extension to the CDN$2 million, Series A, 15% debenture that matures on November 14th 2009. A summary of the new terms of the debenture are:
(i) The maturity date of the Debenture shall be extended to November 1st 2010.
(ii) The interest rate for the Debenture shall be increased from 15% to 18% per annum effective November 1, 2009.
(iii) The Debenture holders shall release 2,642,860 Eaglewood shares to the Company and the Company will effect a sale of ...