Tethys Petroleum: Olisol Investment Submits Proposal But Needs to Wait for Nostrum's Period of Exclusivity
Tethys Petroleum Limited acknowledges the public announcement by Olisol Investment Group on October 2, 2015 regarding a non-binding proposal submitted to the Company. As announced on September 23, 2015, Tethys is currently in a period of exclusivity with Nostrum Oil & Gas PLC (“Nostrum”) and continues to negotiate the terms of a proposed offer and interim funding with Nostrum on an exclusive basis.