/KASE, March 3, 10/ - Tethys Petroleum Limited (Channel Islands), listing on
Kazakhstan Stock Exchange (KASE), provided KASE with a press release dated
March 2, 2010:
Quotation begins
NOT FOR RELEASE IN THE USA
Toronto, Canada, Tuesday, March 2, 2010 Tethys Petroleum Limited ('Tethys' or
the 'Company') announced completion of the earlier announced private offering
of 30,000,000 common shares with gross profit USD46.5 m (the 'Offering').
Fraser Mackenzie Limited acted as a Canadian agent.
The common shares were offered at CAD1.55 a share. Company common
shares are trading on Toronto Stock Exchange (TRL). The net profit raised in the
Offering will be used for capital expenditures and general corporate goals.
In accordance with the Canadian Securities laws one of the subscribers shall be
an interested party of the Company. Additional information in regard of the
interested party's stake in the Offering is contained in the Report on
substantial changes submitted February 19, 2010 in accordance with the Canadian
Securities laws. Tethys directors and employees did not take part in
the Offering. The payment for acquisition of 29,300,000 common shares was made
March , 2010; the payment for acquisition of 700,000 common shares is
expected to be made today.
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
Asian-Pacific 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
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The full version of the press release is available at the KASE website at
http://www.kase.kz/files/emitters/GG_TPL_/gg_tpl_reliz_020310.pdf
[2010-03-03]