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Tethys Petroleum announces USD 15 Million equity financing


Published May 15, 2014
Tethys Petroleum Limited

Tethys Petroleum Limited has conditionally raised USD 15 million through the issue of 36,894,923 new ordinary shares to new and existing investors at GBP 0.24 per share (the "Placing Price"). Several of the Company's large existing shareholders have participated in the financing.

The Company has entered into a placing agreement with FirstEnergy Capital LLP and Cantor Fitzgerald Europe as placing agents (Placing Agents) to raise USD 13,000,000 with new and existing investors (the "Placing") and agreed to raise USD 2,000,000 with new and existing investors by way of direct subscription (the "Direct Subscription"). The Direct Subscription and the Placing are together referred to as the "Offering". When completed, the Offering will raise gross proceeds of USD 15 million.

Tags: Tethys Petroleum Limited




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