Tethys Petroleum Limited (TSXV: TPL.H) ('Tethys' or the 'Company') today announces completion of a loan restructuring.
About Tethys
Tethys is focused on oil and gas exploration and production activities in Central Asia and the Caspian Region. This highly prolific oil and gas area is rapidly developing and Tethys believes that significant potential exists in both exploration and in discovered deposits.
Disclaimer
Some of the statements in this document are forward-looking, including statements relating to the proposed issuance of a debenture, loan repayment obligations and potential discounts that may be received from the outstanding loan balance and the restructuring of other corporate borrowings. Such statements are not promises or guarantees, and are subject to risks and uncertainties that could cause actual outcomes to differ materially from those suggested by any such statements, including the risk that the Company will not complete the subscription for the debenture required to make the US$1,000,000 repayment, that Tethys will not be able to fulfil the new loan terms, will not receive the potential loan discounts and will not be able to agree loan restructuring terms with other lenders. No part of this announcement constitutes, or shall be taken to constitute, an invitation or inducement to invest in the Company or any other entity and shareholders of the Company are cautioned not to place undue reliance on the forward-looking statements. Save as required by applicable law, the Company does not undertake to update or change any forward-looking statements to reflect events occurring after the date of this announcement.
Contact:
Tel: +44 7470 165 698
(C) 2020 Electronic News Publishing, source ENP Newswire
