Nostrum has withdrawn its proposed offer to acquire Tethys as Pope Asset Management (Tethys' largest shareholder) is not supportive of the transaction. Nostrum reserves the right to propose alternative transactions. Tethys has also received a non-binding letter of intent from AGR Energy in connection with a potential US$20 mm equity fundraising at a price of C$0.165 per share and potential US$5 mm loan to support short-term liquidity.
