Tethyan Announces Completion of Plan of Arrangement
Vancouver, British Columbia--(Newsfile Corp. - October 7, 2020) - Tethyan Resource Corp. (TSXV: TETH) ("Tethyan") is pleased to announce the successful completion of its previously announced business combination with Adriatic Metals plc (ASX: ADT) (LSE: ADT1) ("Adriatic"), pursuant to which Adriatic has acquired all of the common shares of Tethyan by way of a court approved plan of arrangement (the "Arrangement"). Pursuant to the Arrangement, Tethyan shareholders will receive 0.166 of one...
2020-10-07 12:16 PM EDT
Tethyan Announces Anticipated Closing of Plan of Arrangement
Vancouver, British Columbia--(Newsfile Corp. - October 7, 2020) - Tethyan Resource Corp. (TSXV: TETH) ("Tethyan") is pleased to announce that, except for Admission, all conditions to closing have now been satisfied in respect of the previously announced business combination with Adriatic Metals plc (ASX: ADT, LSE: ADT1) ("Adriatic"), pursuant to which Adriatic will acquire all of the common shares of Tethyan by way of a court approved plan of arrangement (the "Arrangement"). Pursuant to the...
2020-10-07 4:07 AM EDT
Advance Notice of Tethyan Closing Date and Extension of Arrangement Agreement
Vancouver, British Columbia--(Newsfile Corp. - September 30, 2020) - Tethyan Resource Corp. (TSXV: TETH) ("Tethyan") is pleased to announce that it has met the final substantive Condition Precedent to set a Closing Date pursuant to the Arrangement Agreement with Adriatic Metals Plc ("Adriatic"), and as such the anticipated Closing Date is 2 October 2020. As a result of this Adriatic and Tethyan have entered into a Letter of Amendment extending the Outside Date for closing the transaction to 9...
2020-09-30 7:30 AM EDT
Tethyan Reports Initial Kizevak Drill Results, Including 12.9m at 15.4 % ZnEq in New Zone Discovery
Vancouver, British Columbia--(Newsfile Corp. - August 25, 2020) - Tethyan Resource Corp. (TSXV: TETH) ("Tethyan" or the "Company") is pleased to report assay results of 11 diamond drill holes totalling 1,867.5 metres at the Kizevak project in Serbia. Highlights:Drilling greatly extends mineralisation outside of the historic data, including the discovery of a blind, high-grade mineralised structure in hole KZDD-002, which returned 12.9 metres at 8.2 % zinc, 98.3 g/t silver, 4.1 % lead and 0.4...
2020-08-25 7:30 AM EDT
Tethyan and Adriatic Metals PLC Announce Increase to Loan from Adriatic Metals PLC
Vancouver, British Columbia--(Newsfile Corp. - August 24, 2020) - Tethyan Resource Corp. (TSXV: TETH) ("Tethyan") and Adriatic Metals Plc ("Adriatic") are pleased to announce that Adriatic, Tethyan and one of its subsidiaries have entered into an amendment (the "Amendment") to the secured convertible loan agreement dated May 10, 2020 (the "Loan") between the parties. Pursuant to the Amendment, Adriatic agreed to advance to Tethyan an additional €500,000, bringing the total principal amount of...
2020-08-24 3:00 AM EDT
Tethyan Receives Court Approval of Arrangement with Adriatic Metals plc
Vancouver, British Columbia--(Newsfile Corp. - August 20, 2020) - Tethyan Resource Corp. (TSXV: TETH) ("Tethyan") is pleased to announce that it has obtained a final order of the Supreme Court of British Columbia approving the plan of arrangement (the "Arrangement") with Adriatic Metals plc. As announced on August 17, Tethyan shareholders approved the Arrangement at the annual general and special meeting of Tethyan shareholders. Closing of the Arrangement is anticipated to occur in September,...
2020-08-20 5:03 PM EDT
Tethyan Resource Corp. Receives Shareholder Approval for Plan of Arrangement with Adriatic Metals plc
Vancouver, British Columbia--(Newsfile Corp. - August 17, 2020) - Tethyan Resource Corp. (TSXV: TETH) ("Tethyan" or the "Company") is pleased to announce that at its annual general and special meeting held earlier today, holders of common shares of Tethyan ("Shareholders") voted in favour of the special resolution to approve the proposed plan of arrangement (the "Arrangement") with Adriatic Metals plc ("Adriatic") under the Business Corporations Act (British Columbia). Shareholders holding...
2020-08-17 5:15 PM EDT
Tethyan Completes Initial Drill Programme at the Kizevak Project, Serbia
Vancouver, British Columbia--(Newsfile Corp. - July 31, 2020) - Tethyan Resource Corp. (TSXV: TETH) ("Tethyan" or the "Company") is pleased to announce the successful completion of its initial drill programme on the recently acquired licence that comprises the central portion of the Kizevak silver-zinc-lead project in Serbia. The programme consisted of 11 diamond drill holes for a total of 1,867.5 metres, targeting the confirmation of historical drill and underground assay data.The results of...
2020-07-31 11:21 AM EDT
Tethyan Resource Corp. Mails Information Circular for Plan of Arrangement with Adriatic Metals plc
Vancouver, British Columbia--(Newsfile Corp. - July 17, 2020) - Tethyan Resource Corp. (TSXV: TETH) ("Tethyan") is pleased to announce it has mailed the management information circular for its annual general and special meeting (the "Meeting") of the holders of common shares of Tethyan (the "Shareholders"). The Meeting is primarily being held to approve the proposed plan of arrangement (the "Arrangement") with Adriatic Metals plc ("Adriatic") under the Business Corporations Act (British...
2020-07-17 6:00 PM EDT
Tethyan Resource Corp. Obtains Interim Order for Plan of Arrangement with Adriatic Metals plc
Vancouver, British Columbia--(Newsfile Corp. - July 14, 2020) - Adriatic Metals plc (ASX: ADT) (LON:ADT1) ("Adriatic") and Tethyan Resource Corp. (TSXV: TETH) ("Tethyan") are pleased to announce that Tethyan has obtained an interim order of the Supreme Court of British Columbia in connection with the proposed plan of arrangement (the "Arrangement") with Adriatic. The interim order provides for, among other things, the holding of an annual general and special meeting (the "Meeting") of the...
2020-07-14 8:30 AM EDT
Adriatic Metals plc and Tethyan Resource Corp. Enter into Arrangement Agreement
Vancouver, British Columbia--(Newsfile Corp. - June 12, 2020) - Adriatic Metals plc (ASX: ADT) (LSE: ADT1) ("Adriatic") and Tethyan Resource Corp. (TSXV: TETH) ("Tethyan") are pleased to announce that they have entered into a definitive arrangement agreement (the "Agreement") respecting the previously announced proposed acquisition of Tethyan by Adriatic.Pursuant to the Agreement, Adriatic will acquire 100% of the outstanding common shares (the "Tethyan Shares") of Tethyan, by way of a plan...
2020-06-12 3:30 AM EDT
Tethyan Announces Commencement of Drilling at Kizevak
Vancouver, British Columbia--(Newsfile Corp. - June 9, 2020) - Tethyan Resource Corp. (TSXV: TETH) ("Tethyan" or the "Company") is pleased to announce that it has commenced drilling at the recently acquired Kizevak project in Serbia. This initial programme will be conducted with one diamond drill rig, with hole depths to between 150 - 300 metres for approximately 2,300 metres in total and is anticipated to complete in mid-August. Drilling is intended to verify historic drill results and test...
2020-06-09 7:30 AM EDT
Tethyan Completes First Closing for the Acquisition of the Kizevak and Sastavci Former Silver-Zinc-Lead Mines in Serbia
Vancouver, British Columbia--(Newsfile Corp. - May 14, 2020) - Tethyan Resource Corp. (TSXV: TETH) ("Tethyan" or the "Company") is pleased to announce that it has closed the transaction for the acquisition of 10% of Serbian company EFPP d.o.o. ("EFPP") and the exclusive right to purchase the remaining 90% of EFPP at Tethyan's election within 12 months. EFPP is the holder of two exploration licences (the "Licences") over the past-producing Kizevak and Sastavci silver-zinc-lead mines in the...
2020-05-14 2:07 PM EDT
Adriatic Metals to Acquire Tethyan Resource Corp, Creating a Leading Polymetallic Explorer and Developer in the Balkans
Vancouver, British Columbia--(Newsfile Corp. - May 11, 2020) - Tethyan Resource Corp. (TSXV: TETH) ("Tethyan") is pleased to announce the execution of a binding letter agreement (the "Acquisition Agreement") pursuant to which Adriatic Metals PLC (ASX: ADT) (LON: ADT1) ("Adriatic") will acquire 100% of the issued share capital of Tethyan, by way of a Plan of Arrangement under the Business Corporations Act (British Columbia) (the "Transaction"), and has provided funding to complete the first...
2020-05-11 12:33 PM EDT
Tethyan to Acquire Former Silver-Zinc-Lead Mines in Serbia
Vancouver, British Columbia--(Newsfile Corp. - April 1, 2020) - Tethyan Resource Corp. (TSXV: TETH) ("Tethyan" or the "Company") is pleased to announce it has entered into an arm's length agreement to purchase a 100% ownership stake in Serbian company EFPP d.o.o. ("EFPP"), the holder of two exploration licences (the "Licences") over the past-producing Kizevak and Sastavci silver-zinc-lead mines in the Raska district of Southwestern Serbia (Figure 1).Acquisition Highlights:The Licences are...
2020-04-01 10:01 AM EDT
Tethyan Drills 300 Metres at 0.29% Copper and 0.26 g/t Gold, and Identifies Additional Targets at Rudnica Project, Serbia
Vancouver, British Columbia--(Newsfile Corp. - October 28, 2019) - Tethyan Resource Corp. (TSXV: TETH) ("Tethyan" or the "Company") is pleased to announce the results of a 2,529 metre drill program at Rudnica, which was designed to test for extensions to the porphyry system, and demonstrates that mineralization remains open in several directions (Figures 1, 2 and 3). Additionally, Tethyan has completed a detailed exploration study in consultation with porphyry expert Dr. Steve Garwin,...
2019-10-28 6:30 AM EDT
Gold Porphyry System Discovered at Kremice Project in Serbia
Vancouver, British Columbia--(Newsfile Corp. - October 9, 2019) - Tethyan Resource Corp. (TSXV: TETH) ("Tethyan" or the "Company") is pleased to report the discovery of an outcropping gold porphyry system on the western side of the Kremice project, southwestern Serbia (Figures 1 and 2). Kremice is located 10 kilometres to the north of the Rudnica copper-gold project, and within two kilometres of a paved road, rail and power lines, and water supply. Channel sampling of a large area of...
2019-10-09 6:30 AM EDT
Tethyan Announces Management Changes
Vancouver, British Columbia--(Newsfile Corp. - September 25, 2019) - Tethyan Resource Corp. (TSXV: TETH) ("Tethyan" or the "Company") today announced that Mr. Fabian Baker has been appointed Chief Executive Officer, replacing Mr. Jerrold Annett, and continues in his role as President of the Company. Mr. Annett has also resigned from Tethyan's Board of Directors.In addition, the Serbian management team has been enhanced with the appointment of Mr. Veljko Culafic as Managing Director, Serbia....
2019-09-25 6:30 AM EDT
Tethyan Completes Redomiciling to Canada
Vancouver, British Columbia--(Newsfile Corp. - July 19, 2019) - Tethyan Resource Corp. (TSXV: TETH) ("Tethyan" or the "Company") is pleased to announce that the scheme of arrangement (the "Scheme") for the redomiciling of Tethyan Resources plc ("Old Tethyan") to British Columbia, Canada, has been completed. On July 18, 2019, Old Tethyan became a wholly-owned subsidiary of Tethyan. The shares of Tethyan will commence trading on the TSX Venture Exchange today under the symbol TETH. As a result...
2019-07-19 8:46 AM EDT
Tethyan Announces Authorization of Redomiciling to Canada
Toronto, Ontario--(Newsfile Corp. - July 15, 2019) - Tethyan Resources plc (TSXV: TETH) ("Tethyan" or the "Company") announces that the order of the High Court of Justice in England and Wales, which sanctions the scheme of arrangement (the "Scheme") for the redomiciling of the Company to British Columbia, Canada, has been delivered to the UK Registrar of Companies. With the delivery of the order, the Scheme has become effective, and implementation is underway.The record date for determining...
2019-07-15 7:00 AM EDT