Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/tethys-petroleum-extends-exclusivity-period-with-o.shtmlTethys Petroleum extends exclusivity period with Olisol Investments
Tethys Petroleum Limited has agreed to extend the previously agreed exclusivity period with Olisol Investments Limited by 14 days to 11:59 p.m. Calgary time on December 7, 2015.
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Tethys Petroleum Limited has agreed to extend the previously agreed exclusivity period with Olisol Investments Limited by 14 days to 11:59 p.m. Calgary time on December 7, 2015.
On November 9, 2015 Tethys and Olisol signed a Letter of Intent setting out proposed terms upon which Olisol Petroleum Limited, a wholly-owned subsidiary of Olisol, would provide Tethys with a US$15 million interim debt facility, subscribe to a C$25.5 million private placement of 150 million new ordinary shares at a price of C$0.17 per ordinary share and commit to backstop a further equity fundraising of 50 million shares at C$0.17 per share.
