Tethys Petroleum Limited makes settlement agreement with Olisol Petroleum Limited and DSFK Special Finance Company LLP
/KASE, July 9, 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 July 9, 2020:
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Grand Cayman, Cayman Islands - Tethys Petroleum Limited (TSXV: TPL.H) ("Tethys" or the "Company") is pleased to announce its approval for graduation from NEX to a Tier 2 'Oil & Gas'’ issuer on the TSX Venture exchange. This graduation will occur on Friday, July 10, 2020. A bulletin from the TSX will be released today. Tethys has successfully completed the necessary conditions as originally detailed in the press release from February 8, 2020 and further updated on April 16, 2020, and June 8, 2020. Tethys entered into 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").
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The complete press release is available on KASE website:
[2020-07-09]