Brief: Transeastern Power Trust Announces $40 Mln Private Placement Offering, Debt Recapitalization

Jade Power Trust

12/12/2017 13:39

Dec 12 (Reuters) - Transeastern Power Trust  TEP_u.V : 
    * TRANSEASTERN POWER TRUST ANNOUNCES $40 MILLION PRIVATE 
PLACEMENT 
OFFERING, DEBT RECAPITALIZATION AND PROPOSED CHANGE OF NAME TO 
BLOCKCHAIN POWER TRUST 
    * TRANSEASTERN POWER TRUST - PROCEEDS TO BE USED TO PAY 
REMAINING 
PORTION OF OMV PETROM WIND POWER SRL ACQUISITION 
    * TRANSEASTERN POWER TRUST- ENTERED INTO AGREEMENT FOR 
OFFERING OF 
UP TO 83.3 MILLION UNITS OF TRUST AT $0.48 PER UNIT 
 
Source text for Eikon:  ID:nCCNvwpSQa  
Further company coverage:  TEP_u.V  
 
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