14.07.2015, 12:04
NOSTRUM OIL & GAS approaches Tethys Petroleum Limited planning possible offer for issued share capital
OREANDA-NEWS. NOSTRUM OIL & GAS PLC (London), whose shares are
officially listed on Kazakhstan Stock Exchange (KASE), provided KASE with the
following information statement today:
"... Nostrum Oil & Gas PLC (LSE: NOG) ("Nostrum") announces that further to the recent announcement by Tethys in relation to its strategic cooperation and financing by AGR Energy, Nostrum once again approached the Board of Directors of Tethys with a possible offer for the entire issued share capital of Tethys. In addition, Nostrum said that in connection with a possible offer it is ready to provide bridge financing to Tethys on terms at least as favorable for Thunder as the ones proposed by AGR Energy to maintain short-term liquidity of Tethys both before and after any voting by shareholders before any necessary regulatory approvals are achieved".
"... Nostrum Oil & Gas PLC (LSE: NOG) ("Nostrum") announces that further to the recent announcement by Tethys in relation to its strategic cooperation and financing by AGR Energy, Nostrum once again approached the Board of Directors of Tethys with a possible offer for the entire issued share capital of Tethys. In addition, Nostrum said that in connection with a possible offer it is ready to provide bridge financing to Tethys on terms at least as favorable for Thunder as the ones proposed by AGR Energy to maintain short-term liquidity of Tethys both before and after any voting by shareholders before any necessary regulatory approvals are achieved".
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