Business News • MarketWire • Transeastern Power Trust Announces Binding LOI for the Acquisition of all of the Issued and Outstanding Securities of Mediterranean Resources Ltd.

Transeastern Power Trust Announces Binding LOI for the Acquisition of all of the Issued and Outstanding Securities of Mediterranean Resources Ltd.

Transeastern Power Trust Announces Binding LOI for the Acquisition of all of the Issued and Outstanding Securities of Mediterranean Resources Ltd.

TORONTO, ONTARIO--(Marketwired - July 10, 2015) - Transeastern Power Trust ("Transeastern") (TSX VENTURE:TEP.UN) and Mediterranean Resources Ltd. ("Mediterranean") (NEX:MNR.H)(OTC PINK:MNRUF) are pleased to announce that they have entered into a binding letter of intent (the "Binding LOI") for the acquisition of all of the issued and outstanding common shares of Mediterranean ("Mediterranean Shares") by Transeastern (the "Acquisition").

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