TETHYAN RESOURCE CORP. ("TETH")
BULLETIN TYPE: Plan of Arrangement-, Delist
BULLETIN DATE: October 7, 2020
TSX Venture Tier 2 Company
Effective at the close of business on Thursday, October 8, 2020, the common shares of Tethyan Resource Corp. ("Tethyan") will be delisted from TSX Venture Exchange. The delisting of Tethyan shares results from the completion of a court-approved Plan of Arrangement under the Business Corporations Act (British Columbia) (the "Arrangement"), pursuant to an Arrangement Agreement dated as of June 12, 2020, between Tethyan and Adriatic Metals PLC ("Adriatic"), whereby Adriatic has acquired all of the issued and outstanding common shares of Tethyan.
The Arrangement was approved by Tethyan shareholders on August 17, 2020 and approved by the Supreme Court of British Columbia on August 20, 2020. Under terms of the Arrangement, Tethyan shareholders will receive 0.166 of an ordinary share of Adriatic for each Tethyan common share held.
For further details, please refer to Tethyan's Management Information Circular dated July 13, 2020 and news releases dated May 11, 2020, June 12, 2020 and October 7, 2020.
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