Nostrum Oil makes further approach to Tethys Petroleum
Nostrum Oil has made a further approach to Tethys Petroleum regarding a possible offer the entire company. The possible offer price, whether in cash or shares, of C$0.2185 represents a premium of 46% over the closing share price on the Toronto Stock Exchange as of 9 July.
Oil & Gas Producers
8,043.72
15:45 15/11/24
1.32%
105.17
Tethys Petroleum Ltd
1.13p
17:09 28/04/17
0.00%
0.00p
The possible offer price, whether in cash or shares, of C$0.2185 represents a premium of 46% over the closing share price on the Toronto Stock Exchange as of 9 July.
As part of the transaction Nostrum is willing to extend interim funding to Tethys even before any shareholder vote takes place.
-- More to follow --