New Issue: Transmeridian closes $1.9 million private placement of stock

By Sheri Kasprzak

New York, Aug. 4 - Transmeridian Exploration Inc. said it has wrapped a private placement for $1,905,120.

The company sold 882,000 shares at $2.16 each to foreign investors.

Proceeds from the deal will be used for general corporate purposes.

Based in Houston, Transmeridian is an oil and natural gas exploration company.

Issuer:	Transmeridian Exploration Inc.
Issue:	Stock
Amount:	$1,905,120
Shares:	882,000
Price:	$2.16
Warrants:	No
Settlement date:	July 29
Stock price:	$2.42 at close July 29

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