Tethys Petroleum Ltd. today announces that Tethys' board has received a verbal expression of interest for a possible acquisition of a significant number of Tethys' ordinary shares from representatives of existing shareholders Jaka Partners FZC and Gemini IT Consultants DMCC . The structure of the transaction is being discussed though the New Investors or their affiliates would acquire up to 70% of Tethys' issued and [...]
Tethys Petroleum Ltd. today announces that pursuant to a special resolution passed by shareholders on November 28, 2018, the Company has consolidated its ordinary shares on a ten for one basis. The name of the Company has not been changed. Effective at the opening of trading on Friday, December 21, 2018, the ordinary shares of Tethys will commence trading on NEX Board of the TSX Venture Exchange on a consolidated basis [...]
Tethys Petroleum Ltd. today announced that it has filed its Interim Results for the three months ended September 30, 2018. The full Interim Results together with Management's Discussion and Analysis have been filed with the Canadian securities regulatory authorities. Copies of the filed documents may be obtained via SEDAR at www.sedar.com or on Tethys' website at www.tethys-group.com. About Tethys Tethys is focused on oil [...]
Tethys Petroleum Ltd. today announces the results of the Annual General Meeting held on November 28, 2018. The following resolutions put to shareholders at the AGM were passed on a poll at the meeting: Share Consolidation; Receipt of Financial Statements and Auditor's Report - non-voting resolution; Election of Directors 3.1 William P. Wells; 3.2 Abay Amirkhanov; 3.3 Medgat Kumar; 3.4 Adeola Ogunsemi; and 3.5 Mattias [...]
Tethys Petroleum Ltd. today announces that its Annual General Meeting will be held at Hilton Istanbul Bosphorus, Cumhuriyet Caddesi, Istanbul, 34367, Turkey on Wednesday, November 28, 2018 at 1:00pm in the 9th Floor "Faith" Meeting Room. About Tethys Tethys is focused on oil and gas exploration and production activities in Central Asia and the Caspian Region. This highly prolific oil and gas area is rapidly developing and [...]
Tethys Petroleum Ltd. today announces that due to logistical reasons, the Company has considered it necessary to move the location and date of its upcoming Annual General Meeting . Accordingly, the AGM will no longer be held in Astana, Kazakhstan on November 28, 2018. An alternative date and location for the AGM will be announced shortly. This is likely to be Monday 3, December 2018 in either Frankfurt or Istanbul. Tethys [...]
- Tethys Petroleum Ltd. today announces that Jaka Partners FZC has exercised the 48,075,000 share purchase warrants purchased from Global Invest Service Capital, a company owned by Askar Yessenov, as previously announced on October 1, 2018. The exercise price of US$0.031 per ordinary share represents a premium of 72% compared to the weighted average trading price of the Company's shares since September 19, 2018 when the [...]
Tethys Petroleum Ltd. today announces that it is now selling oil and gas at significantly improved prices and is making positive progress in other areas. Oil and gas prices and production Oil and gas have been sold at significantly improved prices in September compared with the average price reported by Tethys for the first six months of 2018. This has proven possible following the fulfillment of prior contractual [...]
Toronto, Ontario-- - Askar Yessenov , through Global Invest Service Capital, sold beneficial ownership and control of an aggregate of 31,965,976 ordinary shares in the capital of Tethys Petroleum Ltd. and 48,075,000 Ordinary Share purchase warrants . Of the Ordinary Shares and Warrants, Mr. Yessenov sold 15,982,988 Ordinary Shares and all of the 48,075,000 Warrants to Jaka Partners FZC for proceeds of US$207,358.50 and [...]
Tethys Petroleum Ltd. today announces that pursuant to the previously announced private placements with Jaka Partners FZC and Gemini IT Consultants DMCC each Investor has exercised all of the 31,738,506 share purchase warrants held by them at the price of US$0.0233840 per ordinary share. Each Investor now owns approximately 9.99% of the ordinary shares of the enlarged share capital of the Company. The proceeds received by [...]
Tethys Petroleum Ltd. today announced that on September 7, 2018 the Company's principal regulator, the Alberta Securities Commission, issued a Revocation Order in respect of its previously issued Cease Trade Order which has been in place since June 29, 2018. This follows Tethys bringing its filings with Canadian regulatory authorities up to date. Trading in Tethys ordinary shares is expected to recommence shortly. About [...]
Tethys Petroleum Ltd. today announces that it has completed the previously announced private placements with Jaka Partners FZC and Gemini IT Consultants DMCC . The key commercial terms of the Placements are summarized below. The Investors have each acquired 31,758,506 ordinary shares of Tethys which results in each Investor individually acquiring approximately 6.25% of the currently issued share capital of the Company [...]
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