July 2 (Reuters) - TransAtlantic Petroleum Ltd TNP.TO :
* TRANSATLANTIC PETROLEUM LTD - ON JUNE 30, CO ENTERED INTO A NON-BINDING LETTER OF INTENT FOR A POTENTIAL TRANSACTION
* TRANSATLANTIC PETROLEUM LTD - PURSUANT TO LETTER, AN ENTITY'S UNIT TO BE FORMED BY A GROUP OF HOLDERS WOULD ACQUIRE 100% OF OUTSTANDING SHARES OF CO
* TRANSATLANTIC PETROLEUM LTD - NEW ENTITY'S UNIT REPRESENTS ABOUT 80% OF CO'S OUTSTANDING 12% SERIES A CONVERTIBLE REDEEMABLE PREFERRED SHARES
* TRANSATLANTIC PETROLEUM LTD - NEW ENTITY'S UNIT WOULD ACQUIRE SHARES OF CO AT A FIXED CASH PURCHASE PRICE OF $0.13 PER COMMON SHARE Further company coverage: TNP.TO