Nostrum Must be gutted9 Nov 2015 14:46
Possible Offer from Nostrum
The Company confirms that the Board of Tethys has received a further non-binding indicative proposal from Nostrum with
regard to the Possible Offer. The Possible Offer provides for a price of C$0.2185 per Tethys share, which would be
satisfied in cash or, at the election of each eligible shareholder of Tethys, fully paid ordinary shares in Nostrum, or
a combination of both cash and shares. This price represents a premium of 15% to the price at which AGR Energy had
agreed to subscribe for new ordinary shares in Tethys pursuant to the Financing and a premium of 56% to the closing
market price of an ordinary share of Tethys on the TSX of C$0.14 on Friday August 7, 2015.
Following the receipt by Tethys of the Possible Offer, the Company has decided to enter into discussions with Nostrum