Tethys Petroleum Shares Resume Trading

After a brief trading halt Tethys Petroleum (TSXV:TPL.H) has announced that trading in the company’s ordinary shares has recommenced.

As quoted from the press release:

Trading in the company’s ordinary shares on the NEX Board of the TSX Venture Exchange (“NEX”) is expected to resume at the opening of the market on Thursday March 28, 2019, or soon thereafter.

A temporary trading halt was requested by NEX following the company’s announcement on March 19, 2019 of the signing of a binding arrangement agreement for the acquisition of control of the company by Jaka Partners FZC (“Acquiror”). The NEX requested further information from the company about the proposed transaction and personal information forms for the insiders of Acquiror, both of which have been provided, and the NEX has notified the company that trading in the company’s ordinary shares can now resume.

Click here to read the full announcement