Olisol

Tethys Petroleum Limited announces that is has entered into a non-binding and indicative letter of intent (the “LOI”) with Olisol Investments Limited (“Olisol”) setting out proposed terms upon which Olisol Petroleum Limited, a wholly-owned subsidiary of Olisol (“OPL”), will provide Tethys with a US$15 million interim debt facility (the “Interim …

Tethys Petroleum Limited acknowledges the public announcement by Olisol Investment Group (“Olisol”) on October 9, 2015 regarding a non-binding proposal submitted to the Company along with suggestions that Tethys has not engaged with Olisol or considered Olisol’s proposal. The Tethys Board disagrees with much of the content in the Olisol …