Transeuro Energy Corp. has received equity subscription agreements in excess of CAD $2 million for the non brokered private placement announced on December 23, 2010.

Each unit will consist of a common share and a full warrant and the Company anticipates issuing 23,529,412 units ("the Units") at a price of CAD $0.085. Each warrant is exercisable for a period of 15 months into a common share of the Company at an exercise price equal to CAD $0.10. The proceeds will be used primarily for the Karl-101 well in Crimea, Ukraine. This placement has received conditional approval from the TSX Venture Exchange. There will be no debt component for this offering.

Tags: Transeuro Energy Corp.