RE: RE: I wonder...Anyone know if this is fully subscribed? Jennings and Genuity were net buyers today. Jennings has been rather active over the past couple of weeks with large block crosses.
Tethys Petroleum arranges $10-million (U.S.) financing
2010-01-11 17:17 ET - News Release
Mr. Sabin Rossi reports
TETHYS ANNOUNCES US$10 MILLION PRIVATE PLACEMENT
Tethys Petroleum Ltd. will complete a private placement of 12,615,000 ordinary shares for gross proceeds of $10-million (U.S.), subject to regulatory approval. The company has received order confirmations for the $10-million (U.S.) maximum amount of the offering.
The ordinary shares have been placed at a price of 82 cents each. The ordinary shares of the company are listed on the Toronto Stock Exchange under the symbol TPL and the placement is subject to approval by the Toronto Stock Exchange. The net proceeds of the offering will be used by Tethys for project development and capital expenditures. The private placement is scheduled for completion on or about Jan. 25, 2010.
One of the subscribers is a related party of the company within the meaning of applicable Canadian securities laws. The proposed date for completion of the private placement is less than 21 days from the date of this release to ensure the availability of the proceeds to the company on a timely basis. Additional information relating to the interest of the related party in the private placement will be contained in a material change report to be filed in accordance with Canadian securities law.
We seek Safe Harbor.