/KASE, June 17, 2020/ – Tethys Petroleum Limited (Cayman Islands), whose shares
are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE
with the following press release of June 16, 2020:
Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") today
provides a corporate update.
Completion of DSFK Agreement
On February 8, 2020 Tethys announced that it had reached a legally binding
settlement agreement with Olisol Petroleum Limited and certain of its affiliated
companies and their principals (together "Olisol") and DSFK Special Finance
Company LLP ("DSFK"), (hereinafter the "Settlement Agreement").
The Kazahkstan Supreme court has ratified the agreement effective May 26, 2020.
The Company has made the required financial payment of 1,434,692,762 tenge and
has issued the 18 million shares necessary to complete and finalize the agreement.
The Company is moving forward with its application to reactivate from the NEX
board to a Tier 2 Oil & Gas Issuer on the TSX Venture exchange.
The complete press release is available on KASE website:
– in Russian;