Tethys Petroleum: AGR Energy Deal Off, Board Considering Further Approach from Nostrum Oil and Gas
Tethys Petroleum Limited announces that the US$47.7 million financing with AGR Energy Holdings Limited (“AGR Energy”) and related clawback of shares by Pope Asset Management, LLC (the “Financing”) will not now proceed. The Board of Tethys has separately received a further approach from Nostrum Oil & Gas PLC (“Nostrum”) regarding …
Tethys Petroleum: Provides AGR Energy Update and Pope Asset Management Share Subscription
Tethys Petroleum Limited is pleased to announce that, further to its announcement on July 1, 2015 in relation to the strategic collaboration with AGR Energy Holdings Limited (“AGR Energy”) and US$47.7 million financing (the “AGR Placing”), it has agreed with Pope Asset Management, LLC (“Pope”), the Company’s largest shareholder, that …
Tethys: To Continue Exclusive Period with AGR Energy, Board Won’t Pursue Nostrum Offer
Tethys Petroleum Limited refers to its announcement dated July 13, 2015 confirming the approach made earlier that day by Nostrum Oil & Gas PLC (“Nostrum”) to the board of directors of Tethys (the “Board”) regarding a possible offer for the entire issued share capital of Tethys (the “Possible Offer”). The …
Tethys: To Continue Exclusive Period with AGR Energy, Board Won't Pursue Nostrum Offer
Tethys Petroleum Limited refers to its announcement dated July 13, 2015 confirming the approach made earlier that day by Nostrum Oil & Gas PLC (“Nostrum”) to the board of directors of Tethys (the “Board”) regarding a possible offer for the entire issued share capital of Tethys (the “Possible Offer”). The …
Nostrum Oil & Gas: Approaches Tethys Petroleum
Nostrum Oil & Gas PLC (LSE: NOG) (“Nostrum”) announces that, following the recent announcements by Tethys regarding its strategic collaboration with and financing by AGR Energy, Nostrum has made a further approach to the Board of Tethys regarding a possible offer for the entire issued share capital of Tethys. Additionally, …
Nostrum Oil & Gas: Approaches Tethys Petroleum
Nostrum Oil & Gas PLC (LSE: NOG) (“Nostrum”) announces that, following the recent announcements by Tethys regarding its strategic collaboration with and financing by AGR Energy, Nostrum has made a further approach to the Board of Tethys regarding a possible offer for the entire issued share capital of Tethys. Additionally, …
Tethys Petroleum: AGR Energy Takes US$47.7m Private Placement Plus Offers US$5m Loan
Tethys Petroleum Limited is pleased to announce that it has signed an agreement for a US$47.7 million(1) private placement of 318,003,951 new ordinary shares at a price of C$0.19(2) per ordinary share (the “Placing”) with AGR Energy Holdings Limited (“AGR Energy Holdings”). In connection with the Placing, the Company has …
Tethys Petroleum: Extends Current Exclusivity Period with AGR Energy Limited
Tethys Petroleum Limited is pleased to announce that it has agreed to extend the current exclusivity period with AGR Energy Limited No. 1 (“AGR Energy”) until midnight Tuesday June 30th, 2015. Previously Tethys announced that it had entered into a limited period of exclusivity with AGR Energy to negotiate a …
Tethys Petroleum: Extends AGR Energy’s Exclusivity Period
Tethys Petroleum Limited is pleased to announce that it has agreed to enter into a short extension to the exclusivity period with AGR Energy Limited No. 1 (“AGR Energy”). On May 14th, 2015 Tethys announced that it had entered into a limited period of exclusivity with AGR Energy to negotiate …
Tethys Petroleum: Extends AGR Energy's Exclusivity Period
Tethys Petroleum Limited is pleased to announce that it has agreed to enter into a short extension to the exclusivity period with AGR Energy Limited No. 1 (“AGR Energy”). On May 14th, 2015 Tethys announced that it had entered into a limited period of exclusivity with AGR Energy to negotiate …