Tethys Grosses $50MM from Completed PO
Tethys Petroleum Limited has completed its public offering of 21,276,596 Ordinary Shares for gross proceeds of US$50 million. The Ordinary Shares were sold at a price of US$2.35 (C$2.39) each.
The Offering was conducted through Jennings Capital Inc. as Lead Agent and TD Securities Inc. as Co-Lead Agent. Quam Securities Company Limited of Hong Kong and Brokerage Company Astana Finance JSC of Astana, Kazakhstan acted as Special Selling Agents.
"We are pleased with the success of the offering, which was oversubscribed. The Offering should enable us to achieve our plans for our exploration and development projects in Tajikistan and Kazakhstan and continue to execute our strategy in Central Asia," said Tethys CEO Dr. David Robson.
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