TRANSEASTERN POWER TRUST ANNOUNCES CLOSING OF UNSECURED PROMISSORY NOTE FINANCING

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES TORONTO, ONTARIO – May 31, 2017: Transeastern Power Trust (“Transeastern” or the “Trust”) (TSX-V: TEP.UN; TEP.DB) is pleased to announce that it has closed a non-brokered private placement of $3,420,000 principal amount of unsecured promissory notes (the “Notes”). The Notes mature on…