December 12, 2017 / 1:48 PM / in 8 months

BRIEF-Transeastern Power Trust Announces $40 Mln Private Placement Offering, Debt Recapitalization

Dec 12 (Reuters) - Transeastern Power Trust:

* 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: Further company coverage:

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