Tethys Petroleum Limited (United Kingdom) to offer 30 m common shares KYG876361091 (GG_TPL_) for CAD46.5 m
15.02.10 15:10
/KASE, February 15, 10/ - Tethys Petroleum Limited (Channel Islands), listing
on Kazakhstan Stock Exchange (KASE), provided KASE with a press release:
Quotation begins
NOT FOR RELEASE IN THE USA
Toronto, Canada, Friday, February 12, 2010, Tethys Petroleum Limited
(hereafter - 'Tethys' or 'the Company') announced on planning to offer privately
30,000,000 common shares at CAD46.5 m (hereafter - 'the Offering'), which is
subject to approval by regulators. The Company received a confirmation of an
order for the maximum Offering sum CAD46.5 m.
The common shares were offered at CAD1.55 a share. Company common
shares are quoting on the Toronto Stock Exchange with symbol 'TPL', and the
Offering must be approved by the Toronto Stock Exchange. The profit from the
Offering will be used by Tethys for development of the projects and coverage of
capital expenses. The Offering should be completed by March 3, 2010.
One of subscribers is an interested party of the Company, as defined by
applicable Canadian laws on securities. The proposed end offering date shall be
within 21 days after the statement release for purposes of timely income receipt.
Additional data regarding stakes of interested parties in the Private Offering
will be released in the report on substantial changes, which must be presented
in accordance with the Canadian legislation on securities.
Tethys is engaged in exploration and development of oil and gas deposits in the
Central Asia (Kazakhstan, Tajikistan and Uzbekistan). This oil-and-gas-rich area
is being developed fast and Tethys is confident of high potential of current and
developing deposits.
The press release is not an offer or a recommendation to purchase the
securities. The securities have not been and will not be registered in
accordance with the USA Law on Securities (1933 as amended)
(hereafter - 'the USA Securities Law') or in accordance with requirements of
the other USA laws, and can not be offered or sold in the USA or to USA
citizens, unless the securities have been registered in accordance with
the USA Laws on securities and applicable laws on securities or the securities
are exempt of such registration.
This press release contains 'information on prospects', which may include, not
limited to, statements regarding our transactions. These statements on prospects
reflect our current point of view on future events and consider definite risks,
uncertainties and assumptions, including risks, related to approvals by
regulators, transactions settlement and sufficiency of profits for determined
goals. Description of risks and uncertainties, and underlying factors and
assumptions, regarding this offer and contained therein 'information on
prospects', and operation of the Company, including exploration and development
of the deposits, provided in the Annual information card dated March 31, 2009.
The therein contained 'statements on prospects' were made as on the date of the
press release and, unless otherwise required by the applicable legislation, the
Company shall incur no responsibility on public renewal and revision of such
information as a result of receipt of such information, future events or other.
For details, please, contact:
Sabin Rossi
Vice-president, Investor Relations
Tethys Petroleum Limited
TD Canada Trust Tower
161 Bay Street, 27th Floor
Toronto N5J 2S1 Canada
Office: +1 416 572 2065
Fax: +1 416 572 2201
E-mail: info@tethyspetroleum.com
Website: www.tethyspetroleum.com
In Kazakhstan
Ardak Akanov
Managing director
PG Communications
Kazakhstan, Almaty, Samal-2, Business-center Satti
Office phone/fax: +7 (727) 272 8867, +7 (727) 272 8237, +7 (727) 272 7745
E-mail: development@pressclub.kz
In Asian-Pacific Ocean region:
Anita Wan
CEO Assistant
Quam IR
3/F Fung House, 19-20 Connaught Road Central, Hong Kong SAR, PRC
Office phone/fax: + (852) 2217-2999
E-mail: anita.wan@quamgroup.com
[2010-02-15]