Scandoil  

Tethys Petroleum extends exclusivity period with Olisol Investments


Published Nov 25, 2015
Tethys Petroleum Limited-2

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.

Tags: Tethys Petroleum Limited




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml